,,ii  #aafth ,,congress  #ast ,session  
,s4 #caad  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #ai1 
#bjai,mr4 ,enzi introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,health1          
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to require that all            
institutions of higher education        
participating in student financial      
assistance programs under title ,,iv of 
the ,higher ,education ,act of #aife    
meet certain revenue requirements4  #a4 
,short title ,this ,act may be cited as 
the #ij_/aj ,accountability for ,all    
,act4  #b4 ,expanding the applicability 
of the #ij_/aj rule  7a7 ,in general    
,section #dhg of the ,higher ,education 
,act of #aife 7#bj ,u4,s4,c4 #ajid7 is  
amended--  7#a7 in subsection 7a77#bd71 
by striking ,in the case of a           
proprietary institution of higher       
education 7as defined in section        
#ajb7;b771 such institution and         
inserting ,the institution2 and  7#b7 in

 subsection 7d7-- 7,a7 in paragraph     
7#a7--  7i7 in the matter preceding     
subparagraph 7,a71 by striking a        
proprietary and inserting an2  7ii7 in  
subparagraph 7,a71 by striking 1 except 
in and all that follows through higher  
education2  7iii7 in subparagraph       
7,c77iv71 by striking subparagraph      
7,d77iii7 and inserting subparagraph    
7,d77ii72  7iv7 in subparagraph 7,d7--  
7,i7 by striking clauses 7i7 and 7ii7   
and inserting the following3  7i7 in the
 case of loans made by an institution of
 higher education on or after ,july #a1 
#bjab1 only the amount of loan          
repayments received during the          
applicable institutional fiscal year2   
and  2  7,,ii7 by redesignating clause  
7iii7 as clause 7ii72 and  7,,iii7 in   
clause 7ii71 as redesignated by         
subclause 7,,ii7--  7aa7 by striking a  
proprietary and inserting an            
institution2 and  7bb7 by inserting and 
after the semicolon at the end2  7v7 by 
striking subparagraph 7,e72 and  7vi7 by

 redesignating subparagraph 7,f7 as     
subparagraph 7,e72  7,b7 in paragraph   
7#b7-- 7i7 in subparagraph 7,a7--  7,i7 
by striking ,a proprietary and inserting
 ,an2 and  7,,ii7 by striking a         
proprietary and inserting an2 and  7ii7 
in subparagraph 7,b71 by striking a     
proprietary and inserting an2  7,c7 in  
paragraph 7#c77;,a71 by striking        
proprietary2 and  7,d7 in paragraph     
7#d71 by striking proprietary4  7b7     
,effective date ,the amendments made by 
this section shall take effect on ,july 
#a1 #bjbj4