The bill would bar institutions from receiving federal education assistance for programs leading to state-licensed occupations unless, within one year of enactment, graduates qualify for required exams and licenses in specified states and receive timely clinical, internship, or apprenticeship placements. It would establish debt-to-earnings tests for eligible programs, using 20% discretionary and 8% annual thresholds; programs failing both for two of three consecutive award years could lose federal funding, with a three-year reestablishment period. The bill would also require program certifications and student warnings, extend earnings-outcome requirements to undergraduate certificate and diploma programs, and require distance-education institutions to meet authorization requirements in each state where enrolled students are located, subject to specified reciprocity rules.

FactVote-generated overview; it is not an official CRS summary.