Search Results: keywords:"nonprofit conversion"

  • H. R. 2271 — To amend the Higher Education Act of 1965 to modify the application and review process for changes of control, and for other purposes.
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    Status:Introduced in House
    Words:3,941

    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.

  • 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.
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    Status:Introduced in House
    Words:3,942

    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.