# 117-hr-7031: Change of Ownership and Conversion Improvement Act

117-hr-7031, Change of Ownership and Conversion Improvement Act, is a 117th Congress bill sponsored by Rep. Keller, Fred [R-PA-12] (R-PA); status Referred to the House Committee on Education and Labor. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7031
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7031
- Congress: 117
- Title: Change of Ownership and Conversion Improvement Act
- Status: Referred to the House Committee on Education and Labor.
- Introduced: 2022-03-09
- Sponsor: Rep. Keller, Fred [R-PA-12] (R-PA)
- Cosponsors: 2
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Change of Ownership and Conversion Improvement Act This bill revises the application and review process for institutions of higher education (IHEs) to change ownership or for a proprietary (i.e., for-profit) IHE to convert to public or other nonprofit status, including by establishing a pretransaction review application and requiring an IHE to pay an administrative fee for such transactions or pretransaction reviews. The Government Accountability Office must report on the implementation of this bill's provisions.

## Cosponsors (2)

- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2022-03-09T00:00:00.000Z
- Rep. Owens, Burgess [R-UT-4] (R-UT), 2022-03-09T00:00:00.000Z

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-1057: Greatest Generation Commemorative Coin Act
- 117-hr-8913: TCJA Permanency Act
- 117-hres-1015: Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.

## Sources
- [117-hr-7031 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7031)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-1057: Greatest Generation Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1057)
- [117-hr-8913: TCJA Permanency Act](https://policyrisk.com/legislation/117-hr-8913)
- [117-hres-1015: Recognizing the importance of stepped-up basis under section 1014 of the Intern…](https://policyrisk.com/legislation/117-hres-1015)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7031 (as of 2025-11-18).