Change of Ownership and Conversion Improvement Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 7144 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 7144 To amend the Higher Education Act of 1965 to modify the application and review process for changes of control, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 30, 2024 Mr. Owens introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to modify the application and review process for changes of control, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Change of Ownership and Conversion Improvement Act''. SEC. 2. FINDINGS. Congress finds the following: (1) Institutions of higher education in the United States frequently merge with, consolidate, and acquire other institutions that result in a change in ownership. (2) These transactions…