To provide an effective date for the modification of revenue requirements for proprietary institutions of higher education.

SA 1342. Mr. MORAN (for himself, Mr. Carper, Mr. Cassidy, and Mr.
Lankford) proposed an amendment to amendment SA 891 proposed by Mr.
Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr. Brown, Mr. Peters,
Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester, Mr. Menendez, Mr.
Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) to the bill H.R. 1319,
to provide for reconciliation pursuant to title II of S. Con. Res. 5;
as follows:

At the end of section 2013, add the following:
(c) Effective Date.--The amendments made under this section
shall--
(1) be subject to the master calendar requirements under
section 482 of the Higher Education Act of 1965 (20 U.S.C.
1089) and the public involvement and negotiated rulemaking
requirements under section 492 of the Higher Education Act of
1965 (20 U.S.C. 1098a), except that such negotiated
rulemaking shall commence not earlier than October 1, 2021;
and
(2) apply to institutional fiscal years beginning on or
after January 1, 2023.
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