H.R. 7144, known as the "Change of Ownership and Conversion Improvement Act," proposes changes to the Higher Education Act of 1965 regarding how changes in control and ownership of higher education institutions are reviewed. It seeks to improve the process by which the U.S. Department of...
Simple Explanation
The Change of Ownership and Conversion Improvement Act is a plan to make rules for when colleges change who runs them; it wants this to be done faster and more fairly, by making colleges help pay for the checks done by the Department of Education to make sure they're still using money properly.