Jim Banks (R-IN)

PARITY Act

S. 4348 · Senate bill Education

A Republican bill with 2 Republican cosponsors · See all 2 cosponsors

Last activity — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Promoting Access and Revenue Integrity Through Institutional Transparency Act" or the "PARITY Act," seeks to change existing regulations for proprietary schools. It aims to repeal the 90/10 rule as it applies to these specific institutions under title IV of the Higher Education Act of 1965. The legislation would specifically amend Section 487 of the Higher Education Act. This is achieved by repealing paragraph (24) in subsection (a) and repealing subsection (d) entirely.

Yes

  • Scored +5

    Does this make it easier to run a small business?

    The bill provides regulatory relief to proprietary schools by repealing the 90/10 rule requirements.

The opposite· 3 of 4

  • Scored -3

    Does this make college cost less?

    By repealing the 90/10 rule, the bill removes a safeguard intended to ensure proprietary schools do not rely too heavily on federal student aid.

  • Scored -2

    Would people in their twenties and thirties be better off under this?

    The repeal of the 90/10 rule may reduce oversight on proprietary schools that students rely on for education.

  • Scored -2

    Would households on low incomes be better off under this?

    The removal of the 90/10 rule could reduce financial protections for low-income students attending proprietary institutions.