II
119th CONGRESS
2d Session
S. 4348
IN THE SENATE OF THE UNITED STATES
April 20, 2026
Mr. Banks introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
A BILL
To repeal the 90/10 rule as it pertains to proprietary schools under title IV of the Higher Education Act of 1965.
Section 1. Short title
This Act may be cited as the Promoting Access and Revenue Integrity Through Institutional Transparency Act
or the PARITY Act
.
Sec. 2. Regulatory relief
Section 487 of the Higher Education Act of 1965 (20 U.S.C. 1094) is amended—
(1)
in subsection (a), by repealing paragraph (24); and
(2)
by repealing subsection (d).