H. R. 1852 proposes an amendment to the Higher Education Act of 1965. This bill would ensure that any college or university that is a nonprofit organization under section 501(c)(3) of the Internal Revenue Code is officially considered a nonprofit institution of higher...
Simple Explanation
The bill wants to make sure that colleges and universities that are considered "nonprofit" according to tax rules are also officially called "nonprofit" schools in an important education law. This helps confirm their special status and how they should be treated.