# 119-s-4348: PARITY Act

119-s-4348, PARITY Act, is a 119th Congress bill sponsored by Sen. Banks, Jim [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-07-17).

- Canonical: https://policyrisk.com/legislation/119-s-4348
- As of: 2026-07-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4348
- Congress: 119
- Title: PARITY Act
- Status: introduced
- Introduced: 2026-04-20
- Sponsor: Sen. Banks, Jim [R-IN] (R-IN)
- Cosponsors: 1
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-07-17

## Summary

**Removes the '90/10' revenue rule for proprietary colleges.** This bill would repeal the parts of the Higher Education Act that implement the 90/10 requirement for proprietary schools by deleting paragraph (24) of subsection (a) and subsection (d) of Section 487 (20 U.S.C. 1094). It contains no additional programs, funding, eligibility changes, phase-in dates, sunsets, or enforcement mechanisms. The change is limited to repealing the identified statutory provisions.

## Cosponsors (1)

- Sen. Scott, Rick [R-FL] (R-FL), 2026-06-09T00:00:00.000Z

## Provisions PRIA read

- Remove 90/10 rule for for-profit colleges: mixed, medium. This bill would repeal parts of section 487 of the Higher Education Act (20 U.S.C. 1094). It would remove paragraph (24) of subsection (a) and subsection (d). Those provisions implement the "90/10" rule that limited how much revenue for-profit colleges could get from Title IV aid. If enacted, for-p…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-873: Fighter Force Preservation and Recapitalization Act of 2025
- 119-s-275: Veterans’ Assuring Critical Care Expansions to Support Servicemembers (ACCESS) Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-124: Restore VA Accountability Act of 2025
- 119-s-3752: SAVE America Act

## Sources
- [119-s-4348 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4348)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-873: Fighter Force Preservation and Recapitalization Act of 2025](https://policyrisk.com/legislation/119-s-873)
- [119-s-275: Veterans’ Assuring Critical Care Expansions to Support Servicemembers (ACCESS)…](https://policyrisk.com/legislation/119-s-275)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-124: Restore VA Accountability Act of 2025](https://policyrisk.com/legislation/119-s-124)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4348 (as of 2026-07-17).