The Change of Ownership and Conversion Improvement Act, introduced in the House of Representatives as H. R. 2271, amends the Higher Education Act of 1965 to streamline the application and review process for changes in the control or ownership of higher...
Simple Explanation
The Change of Ownership and Conversion Improvement Act is a law that tries to make it easier and quicker for colleges to change who is in charge or who owns them, but they have to pay some fees to do it. These changes are to help keep everything fair and stop any money mischief when schools switch from being businesses to charities.