HR. 713In Committee
Preventing Financial Exploitation in Higher Education Act
Plain-English overview
What this bill does
Establishes financial penalties and higher excise taxes for very wealthy colleges with poor federal student loan repayment outcomes or tuition increases above set levels
Key points
- Require penalties from wealthy colleges
- Increase excise tax on investment income
Current status
Where it stands
Status
In Committee
Latest action
2025-01-23 — Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.