H.R. 5191 — Introduced in House

I 113th CONGRESS 2d Session H. R. 5191 IN THE HOUSE OF REPRESENTATIVES July 24, 2014 Mr. McNerney introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to provide for an institution of higher education that has previously filed for bankruptcy to apply for the reinstatement of eligibility for purposes of Federal Pell Grants. 1. Short title This Act may be cited as the Pell Grant Accessibility Act. 2. Reinstatement following bankruptcy of institution of higher education for purposes of Federal Pell Grants Section 102(a)(4) of the Higher Education Act of 1965 (20 U.S.C. 1002(a)(4)) is amended— (1) in subparagraph (A), by striking the institution and inserting except as provided in subparagraph (B), the institution; (2) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and moving the margins 2 ems to the right; (3) by striking Limitations based on management.—An institution shall and inserting the following: Limitations based on management.— (A) In general An institution shall ; and (4) by adding at the end the following new subparagraph: (B) Waiver For purposes of awarding Federal Pell Grants under subpart 1 of part A of title IV, the Secretary may consider an institution described in subparagraph (A)(i) as meeting the definition of an institution of higher education in paragraph (1) if— (i) the institution or affiliate of such institution described in subparagraph (A)(i) filed for bankruptcy not less than 5 years prior to the date on which such institution seeks a waiver under this subparagraph; (ii) the institution described in subparagraph (A)(i) submits to the Secretary such information as the Secretary considers appropriate; and (iii) the Secretary determines that such institution should not be subject to the requirement under subparagraph (A). .