Job placement rates

(a) Definition Section 481 (20 U.S.C. 1088), as amended by section 102(b), is further amended by adding at the end the following: (h) Job placement rates The Secretary shall establish a single definition of job placement rate for purposes of this Act that ensures consistent determinations across institutions and accrediting agencies regarding when students are placed in a job, to improve accuracy and minimize the opportunity for misleading or deceptive information.. (b) Program participation agreement Section 487(a)(8) (20 U.S.C. 1094(a)(8)) is amended to read as follows: (8) In the case of an institution that advertises or discloses job placement rates to prospective students or that is required to provide regular reporting of job placement rates to an accrediting agency, State authorizer, or other regulator, the institution will utilize the definition provided under section 481(h), and shall make available to prospective students, at or before the time of application— (A) the most recent available data concerning employment statistics, graduation statistics, the methodology used by the institution to calculate the job placement rate, and any other information necessary to substantiate the truthfulness of the advertisements or disclosures, and (B) relevant State licensing requirements of the State in which such institution is located for any job for which the course of instruction is designed to prepare such prospective students.. (c) Accrediting agency recognition Section 496(a)(5)(A) (20 U.S.C. 1099b(a)(5)(A)) is amended by inserting, as defined pursuant to section 481(h) before the semicolon. (d) Nonapplicability of rulemaking requirements The amendments made under this section shall not be subject to the requirements provided under section 492 (20 U.S.C. 1098a).