Bill · S. 4348· Senate(119-S-4348)
PARITY Act
- Introduced
- 4/20/2026
- Last activity
- 4/20/2026 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Jim Banks
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Promoting Access and Revenue Integrity Through Institutional Transparency Act" or the "PARITY Act," seeks to change existing regulations for proprietary schools. It aims to repeal the 90/10 rule as it applies to these specific institutions under title IV of the Higher Education Act of 1965. The legislation would specifically amend Section 487 of the Higher Education Act. This is achieved by repealing paragraph (24) in subsection (a) and repealing subsection (d) entirely.
Yes
Does this make it easier to run a small business?+5
The bill provides regulatory relief to proprietary schools by repealing the 90/10 rule requirements.
The opposite· 3 of 4
Does this make college cost less?-3
By repealing the 90/10 rule, the bill removes a safeguard intended to ensure proprietary schools do not rely too heavily on federal student aid.
Would people in their twenties and thirties be better off under this?-2
The repeal of the 90/10 rule may reduce oversight on proprietary schools that students rely on for education.
Would households on low incomes be better off under this?-2
The removal of the 90/10 rule could reduce financial protections for low-income students attending proprietary institutions.
Who it would affect, and how
Potential Positive Impacts for People
- Regulatory Relief: The bill provides for regulatory relief by repealing specific parts of the Higher Education Act of 1965 (Section 2). This change specifically targets the 90/10 rule as it pertains to proprietary schools.
Potential Negative Impacts for People
- Repeal of the 90/10 Rule: The bill would repeal the 90/10 rule as it pertains to proprietary schools under title IV of the Higher Education Act of 1965 (Section 2). This would result in the repeal of paragraph (24) in subsection (a) and the repeal of subsection (d) within Section 487 of the Higher Education Act of 1965.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households-2Good For Students-2Good For Young Adults-2
- Economy And Finance
- Improves Small Business Support+5
- Education And Technology
- Improves College Affordability-3
- 6/9/2026
- 1 Cosponsor added.
- 4/20/2026
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Rick ScottRepublican · Florida