S2629-118

Introduced

To amend the Higher Education Act of 1965 to provide for fiscal accountability, to require institutions of higher education to publish information regarding student success, to provide for school accountability for student loans, and for other purposes.

118th Congress Introduced Jul 27, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Higher Education Act of 1965 to provide for fiscal accountability, to require institutions of higher education to publish information regarding student success, to provide for school accountability for student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers. The main policy domain is Education, Finance, Labor.

Who Benefits and How

schools, students, and education providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, schools, students, and education providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section id536A75605BBF465BB0990256094C0A09: 1. Short title This Act may be cited as the Higher Education Reform and Opportunity Act.
  • Section id37FEC22DF9E6446A8B29F20418B3BF7D: 101. Simplification of Federal student loans Section 451 of the Higher Education Act of 1965 (20 U.S.C. 1087a) is amended— in subsection (a), by adding at the...
  • Section id02A81E0433334F13A20D8D339D852DF5: 460A. Federal Direct simplification loans Beginning on July 1, 2024, except as provided in section 451(e), the Secretary shall make loans to borrowers under...
  • Section idB79041EBED65469F921681EA0CE72D87: 102. Phasing out loan forgiveness The Higher Education Act of 1965 (20 U.S.C. 1001 et seq.) is amended— in section 455— in subsection (d)(1), in the matter...
  • Section id3A0D694BD3674402BD7677478F9FF08A: 201. Accreditation reform Section 102(a)(1) of the Higher Education Act of 1965 (20 U.S.C. 1002(a)(1)) is amended— by redesignating subparagraphs (B) and (C)...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Higher Education Act of 1965 to provide for fiscal accountability, to require institutions of higher education to publish information regarding student success, to provide for school accountability for student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Key Policy Areas

Education, Finance, Labor

Primary Purpose

This bill, To amend the Higher Education Act of 1965 to provide for fiscal accountability, to require institutions of higher education to publish information regarding student success, to provide for school accountability for student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Policy Domains

Education Finance Labor

Whole bill

Identified Gains
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
schools, students, and education providers: ,
Identified Costs
  • federal implementing agencies
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies: ,
schools, students, and education providers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jul 27, 2023

Mr. Lee (for himself and Mr. Scott of Florida) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Education Finance Labor
Actor Mappings
"secretary_of_labor"
→ Secretary of Labor

Key Definitions

Terms defined in this bill

1 term
"applicable percentage" §id4F6074ECECEF44AA92130C1EE9EF9505

a percentage equal to— 15 percent

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology