POST Act of 2021
Summary
Protecting Our Students and Taxpayers Act of 2021 or the POST Act of 2021 This bill requires a for-profit institution of higher education (IHE), in order to participate in federal student-aid programs, to derive at least 15% of its revenue from sources other than federal funds. Current law requires a for-profit IHE to derive at least 10% of its revenue from sources other than federal funds. The bill also expands the definition of federal funds to include GI education benefits, with an exception for the monthly housing stipend provided under the Post-9/11 Educational Assistance Program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 23, 2021
Last action Feb 23, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 23, 2021
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
upper
Feb 23, 2021
Introduced
Introduced in Senate
upper
1 primary · 9 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard J. Durbin
DDemocratic
Co
Bernard Sanders
IIndependent
Co
Brian Schatz
DDemocratic
Co
Elizabeth Warren
DDemocratic
Co
Jack Reed
DDemocratic
Co
Margaret Wood Hassan
DDemocratic
Co
Richard Blumenthal
DDemocratic
Co
Sherrod Brown
DDemocratic
Co
Thomas R. Carper
DDemocratic
Co
Tina Smith
DDemocratic
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