Legislative Update & Resources
- On July 1, 2015, the Senate passed its version of a reconciliation bill by a 51-50 vote, with Vice President Vance casting the tie-breaking tally.
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The Senate Committee on Health, Education, Labor and Pensions released its reconciliation provisions for education programs on June 10. The proposal reflects notable improvements over the House-passed legislation. Importantly, the bill does not advance the House’s institutional risk-sharing proposal, and some of the most sweeping structural changes to Title IV have been scaled back. However, the Senate proposal still contains several provisions of serious concern for private, nonprofit institutions.
- The Senate Finance Committee released its version of tax legislation as part of the reconciliation process on June 17. The proposal that emerged offers a mixed bag for private, nonprofit higher education. While much of the bill language is similar to the House-passed tax bill, there were some significant differences, including language that would worsen the current endowment tax.
Resources
NAICU sent a letter to Senate leaders outlining its priorities for a final reconciliation bill.
Senate HELP Committee
Senate Finance Committee
General Resources
Below are resources for NAICU members to use when reaching out to members of Congress.