,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #dbjf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,augu/ #bc1 #bjai,mr4 ,takano 7= himself & ,ms4 ,%alala7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ,labor ,a ,,bill ,to am5d ! ,high] ,education ,act ( #aife to include requirem5ts = programs ( tra9+ to prep>e /ud5ts = ga9ful employm5t 9 a recogniz$ occupation4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/ud5t & ,taxpay] ,protection ,act4 #b4 ,ga9ful employm5t programs ,"p ,a ( title ,i ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq47 is am5d$ by add+ at ! end ! foll[+3 #ajd4 ,program ( tra9+ to prep>e /ud5ts = ga9ful employm5t 9 a recogniz$ occupation 7a7 ,ga9ful employm5t program def9$ ,9 ?is ,act 7includ+ = purposes ( sections #aja & #ajb71 ! t]m program ( tra9+ to prep>e /ud5ts = ga9ful employm5t 9 a recogniz$ occupation 79 ?is section ref]r$ to z tra9+ program7 means a tra9+ program t-- 7#a7 is 9 compliance ) ! p]=mance metrics 7includ+ ! eligibility ?re%olds = ea* su* metric7 e/abli%$ "u subsection 7b77#a72 7#b7 is 9 compliance ) ! notice requirem5ts "u subsection 7b77#a77;,c77i77,,ii72 7#c7 is o!rwise eligible to receive funds "u title ,,iv2 & 7#d7 is n a tra9+ program t is sub/antially simil> to a tra9+ program :i*1 dur+ a p]iod det]m9$ by ! ,secret>y1 did n meet "o or m ( ! p]=mance metrics 7su* z an eligibility ?re%old7 describ$ 9 p>agraph 7#a74 7b7 ,secret>ial requirem5ts 7#a7 ,e/abli%m5t ( requirem5ts 7,a7 ,9 g5]al ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ! ,/ud5t & ,taxpay] ,protection ,act1 ! ,secret>y %all e/abli% requirem5ts = tra9+ programs to be eligible tra9+ programs = purposes ( receiv+ funds "u title ,,iv1 :i* %all include-- 7i7 e/abli%+ p]=mance metrics 7includ+ eligibility ?re%olds = ea* su* metric7 describ$ 9 subp>agraph 7,b72 & 7ii7 develop+ a disclosure template & a v]ification process = disclosures describ$ 9 subp>agraph 7,c74 7,b7 ,p]=mance metrics 7i7 ,9 g5]al ,9 e/abli%+ ! p]=mance metrics "u subp>agraph 7,a77i71 ! ,secret>y %all1 at a m9imum1 e/abli% ! requirem5ts = a debt-to-e>n+s rate t s]ves ! be/ int]e/s ( /ud5ts & taxpay]s1 :i* %all include-- 7,i7 a me?odology = calculat+ su* debt-to-e>n+s rate = a tra9+ program1 includ+-- 7aa7 a def9ition ( ! cohort ( individuals on :om su* rate %all be bas$1 :o %all be select$ f ! individuals :o 7 enroll$ 9 su* tra9+ program 7)\t reg>d to :e!r ! individuals receiv$ a loan = su* enrollm5t72 7bb7 a det]m9ation ( ! debt am\nt = su* rate bas$ on ! m$ian annual loan paym5t = ! loans made "u title ,,iv & ! private education loans receiv$ = su* enrollm5t by su* cohort2 & 7cc7 a det]m9ation ( ! e>n+s am\nt = su* rate bas$ on ! mean or m$ian ( ! actual1 /ud5t-level annual e>n+s = su* cohort2 7,,ii7 e/abli%+ a process 7su* z an appeals process7 to au?orize tra9+ programs to use alt]nate e>n+s 9 lieu ( ! mean or m$ian ( ! actual1 /ud5t-level annual e>n+s ( a cohort2 & 7,,iii7 e/abli%+ a ?re%old rate t ea* tra9+ program %all meet to be eligible to receive funds "u title ,,iv4 7ii7 ,e>n+s data ,9 det]m9+ ! mean or m$ian ( ! actual1 /ud5t-level annual e>n+s = purposes ( ?is subp>agraph1 ! ,secret>y %all obta9 & use ! mo/ curr5tly available ,f$]al data on su* e>n+s4 7,c7 ,disclosure template ,! ,secret>y %all develop-- 7i7 a disclosure template t-- 7,i7 is consum] te/$2 & 7,,ii7 is us$ by ea* tra9+ program to provide enroll$ & prospective /ud5ts 7includ+ ?r\gh publication on ! website ( ! program7-- 7aa7 on an annual basis1 /ud5t outcome in=mation = su* program 7includ+ ! debt-to-e>n+s rate & :e!r ! eligibility ?re%old = any o!r p]=mance metric e/abli%$ "u subp>agraph 7,a77i7 has be5 met72 & 7bb7 9 a case 9 :i* ! tra9+ program receives a notice ( det]m9ation "u p>agraph 7#b77;,b7 t ! program may be ineligible = funds "u title ,,iv1 or may receive o!r sanctions1 n lat] ?an #cj days aft] receipt ( su* notice1 an explanation ( su* notice ( det]m9ation2 & 7ii7 a process to annually v]ify t ea* tra9+ program is provid+ ! disclosures requir$ "u clause 7i77,,ii74 7#b7 ,en=cem5t ( requirem5ts ,n lat] ?an #b ye>s aft] ! ,secret>y e/abli%es requirem5ts "u p>agraph 7#a71 & annually !reaft]1 ! ,secret>y %all1 ) respect to ea* tra9+ program-- 7,a7 calculate ! debt-to-e>n+s rate & assess p]=mance ) respect to any o!r metric e/abli%$ "u p>agraph 7#a77;,a77i7 = ! prec$+ aw>d ye>1 & make su* in=mation publicly available on ! website ( ! ,dep>tm5t ( ,education2 7,b7 issue a notice ( det]m9ation on :e!r ! program is meet+ ! requirem5ts e/abli%$ by ! ,secret>y1 includ+ :e!r ! program %all be subject to sanctions 7su* z loss ( eligibility "u title ,,iv72 & 7,c7 en=ce ! applicable sanctions4 4