Proprietary Education Interagency Oversight Coordination Improvement Act

This bill establishes a federal committee composed of agency heads from Education, Justice, Consumer Financial Protection, and other departments to coordinate oversight of for-profit colleges. The committee will share data across agencies, create a centralized complaint system for students, and publish an annual report with detailed data on for-profit institutions' finances, student outcomes, and complaints. It also creates a "For-Profit College Warning List" that identifies institutions with serious issues like fraud or misrepresentation, providing plain-language summaries for parents and students. The bill directly affects for-profit colleges, their students, and the federal agencies that oversee higher education programs.