Government Accountability Office

Not later than 5 years after the date of enactment of this Act, the Comptroller General shall submit to the Committee on Education and Workforce of the House of Representatives and the Committee on Health, Education, Labor, and Pensions of the Senate, a report on the implementation of the amendments made by this Act, including recommendations to improve— (1) the application process under section 498(i) of the Higher Education Act of 1965 (20 U.S.C. 1099c(i)), as amended by section 3, for institutions of higher education seeking a change in ownership resulting in a change in control; or (2) the monitoring process under such section for institutions of higher education that have recently converted from being recognized as a proprietary institution to a public or other nonprofit institution.