S 1455 · 106th Congress · Crime and Law Enforcement

College Scholarship Fraud Prevention Act of 2000

Introduced 1999-07-28· Sponsored by Sen. Abraham, Spencer [R-MI]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
House
Enacted
Latest: Became Public Law No: 106-420.(2000-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] College Scholarship Fraud Prevention Act of 1999 - Amends the Federal criminal code to prohibit, and provide for enhanced penalties for, fraud in connection with obtaining or providing any scholarship, grant, loan, tuition, discount, award, or other financial assistance for purposes of financing an education at an institution of higher education. Excludes debts in connection with such fraud from permissible exemptions of property from estates in bankruptcy. Directs the Secretary of Education to maintain on the Internet web site of the Department of Education a web page that: (1) lists businesses and organizations (businesses) that offer financial assistance for financing an education at institutions of higher education; and (2) provides the Internet web site address of such businesses. Allows a business to apply to the Secretary for placement on the list. Directs the Secretary to consult with the Chairman of the Federal Trade Commission (FTC) to ensure that a business applying for placement is a legitimate business. Makes a business ineligible for such listing if: (1) it was prosecuted by the FTC and convicted of using an unfair or deceptive act or practice under the Federal Trade …

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 1455, College Scholarship Fraud Prevention Act of 1999

Nov 5, 1999

Cost estimate for the bill as reported by the Senate Committee on the Judiciary on October 29, 1999

Full CBO report ↗

S. 1455, College Scholarship Fraud Prevention Act of 1999

Oct 2, 2000

Pay-as-you-go estimate for the bill as cleared by the Congress on September 25, 2000

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (4)

2 Democrats2 Republicans