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Initiatives
Initiatives
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What Did I Miss in Washington? June 27-July 10, 2017

July 10, 2017

The steady stream of news emerging from the nation’s capital can be overwhelming. NACUBO highlights key actions and provides the status of top higher education business officer concerns.

On Capitol Hill

NACUBO Promotes Campus Energy Efficiency. NACUBO will showcase campus sustainability initiatives at the Renewable Energy and Energy Efficiency Expo on July 11 on Capitol Hill. Together with members of the Higher Education Associations Sustainability Consortium, NACUBO also recently called on lawmakers to protect programs that advance clean energy.

Administrative Action: Department of Education

ED Delays Gainful Employment Disclosures. The Department of Education announced that it will further delay the date when schools will have to comply with certain rules under gainful employment (GE) disclosure requirements related to promotional materials and disclosures. Institutions are still required to post completed GE Disclosure templates on their websites and distribute student warnings for failing programs.

ED Announces Final Format for Disclosures for Student Financial Accounts. ED has published the disclosure format to be used when sharing the various fees associated with financial accounts offered to students by colleges and universities. ED also delayed the implementation date to January 1, 2018. 

Judicial Action
Overtime Rule.  While the Department of Labor has given some indication in recent weeks as to how it will handle Obama-era changes to the overtime rule, it may still be months before new rulemaking begins.

Advocacy

NACUBO Urges ED to Renegotiate Financial Responsibility Standards. Financial responsibility standards deserve to be negotiated in a separate but concurrent session with the renegotiation of the borrower defense regulations, NACUBO Vice President, Regulatory Affairs, Anne Gross argued at an ED hearing on Monday, July 10. The now-delayed standards were included in the 2016 borrower defense negotiated rulemaking.

Awaiting Action
1098-T Reporting. The Internal Revenue Service has not yet issued final regulations on  1098-T reporting following its Notice of Proposed Rulemaking that called for significant reporting changes to the form. 

Previous Edition 
What Did I Miss in Washington? June 12-June 26, 2017

Contact

Liz Clark
Director, Federal Affairs
202.861.2553
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