,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dfae  ,,in ,,the ,,house ,,of  
,,representatives  ,october #d1         
#bjai,ms4 ,shalala 7for herself1 ,mr4   
,king of ,new ,york1 ,mr4 ,casten of    
,illinois1 ,mr4 ,fitzpatrick1 ,mr4      
,moulton1 and ,ms4 ,ocasio-,cortez7     
introduced the following bill2 which was
 referred to the ,committee on          
,education and ,labor  ,a ,,bill  ,to   
amend the ,higher ,education ,act of    
#aife to require an institution of      
higher education to submit a teach-out  
plan under certain circumstances1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,stop    
,college ,closures ,act of #bjai4  #b4  
,requirements for accrediting agency    
recognition ,section #dif of the ,higher
 ,education ,act of #aife 7#bj ,u4,s4,c4
 #ajii;b7 is amended--  7#a7 in         
subsection 7c7-- 7,a7 in paragraph 7#b71
 by inserting before the semicolon at   
the end the following3 or decline2  7,b7
 by amending paragraph 7#c7 to read as  

follows3  7#c7 requires an institution  
to submit for approval to the           
accrediting agency or association a     
teach-out plan upon the occurrence of   
any of the following events--  7,a7 the 
,secretary notifies the agency or       
association that the ,secretary has     
determined under section #dih7;c7 that  
the institution does not have the       
financial responsibility required by    
this title2  7,b7 the ,secretary        
notifies the agency of a determination  
by the institution's independent auditor
 expressing doubt with the institution's
 ability to operate as a going concern  
or indicating an adverse opinion or     
finding of material weakness related to 
financial stability1 except that this   
subparagraph shall not apply with       
respect to a public institution2  7,c7  
the agency or association acts to place 
an institution on probation1 show cause1
 or equivalent status2 or  7,d7 the     
,secretary notifies the agency that the 
institution is participating in title   

,,iv under a provisional program        
participation agreement2  2  7,c7 by    
amending paragraph 7#f7 to read as      
follows3  7#f7 requires that teach-out  
agreements among institutions are       
subject to approval by the accrediting  
agency or association consistent with   
standards promulgated by such agency or 
association1 and that such an agreement 
shall be required and subject to such   
approval upon the occurrence of any of  
the following events3  7,a7 the         
,secretary notifies the agency or       
association that-- 7i7 the ,secretary   
has placed the institution on the       
reimbursement payment method pursuant to
 section #dhg7;c77#a77;,b72 and  7ii7   
the institution fails to meet criteria  
prescribed by the ,secretary regarding  
ratios that demonstrate financial       
responsibility as described in section  
#dih7;c77#b72  7,b7 the ,secretary      
notifies the accrediting agency or      
association that the ,secretary has     
initiated-- 7i7 an emergency action     

against the institution pursuant to     
section #dhg7;c77#a77;,g72 or  7ii7 an  
action under section #dhg7;c77#a77;,f7  
to limit1 suspend1 or terminate the     
participation of the institution in any 
program under this title2  7,c7 the     
accrediting agency or association acts  
to withdraw1 terminate1 or suspend the  
accreditation of the institution2  7,d7 
the institution notifies the accrediting
 agency or association that the         
institution intends to cease operations2
  7,e7 the institution notifies the     
accrediting agency or association that  
the institution intends to close a      
location that provides one hundred      
percent of at least one program2 or     
7,f7 pursuant to section #die1 the      
,state notifies the accrediting agency  
or association that an institution's    
license or legal authorization to       
operate within the ,state has been or   
will be revoked2  2  7,d7 in paragraph  
7#h71 by striking and at the end2  7,e7 
in paragraph 7#i77;,b71 by striking the 

period at the end and inserting 2 and2  
and  7,f7 by adding at the end the      
following3  7#aj7 responds to complaints
 received with respect to an institution
 during the period during which the     
accrediting agency or association       
accredits such institution not later    
than #cj days after receiving the       
complaint 7including complaints shared  
with the agency or association by the   
,secretary or a ,state agency under     
section #die71 monitors and assesses an 
institution's record of student         
complaints during such period1 and      
submits such complaints to the          
,secretary and to the ,state agency     
involved4  4