Establishes a Proprietary Education Interagency Oversight Committee to oversee proprietary institutions of higher education.
The Proprietary Education Oversight Task Force Act establishes the Proprietary Education Interagency Oversight Committee to oversee proprietary institutions of higher education. The Committee includes representatives from the Department of Education, Consumer Financial Protection Bureau, Department of Justice, Securities and Exchange Commission, and other relevant federal agencies. The Committee's purposes are to improve enforcement of federal laws, increase accountability of proprietary institutions, and facilitate information sharing among federal and state agencies.
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