103 STAT. 2120 PUBLIC LAW 101-239—DEC. 19, 1989 individual or organization's authority to act on behalf of an institution under any program under this title, if the Secretary— "(i) receives information, determined by the Sec- retary to be reliable, that the individual or organiza- tion, acting on behalf of an institution, is violating any provision of this title, any regulation prescribed under this title, or any applicable special arrangement, agree- ment, or limitation, "(ii) determines that immediate action is necessary to prevent misuse of Federal funds, and "(iii) determines that the likelihood of loss out- weighs the importance of the procedures prescribed under subparagraph (F), for limitation, suspension, or termination, except that an emergency action shall not exceed 30 days unless the limitation, suspension, or termination proceed- ings are initiated by the Secretary against the individual or organization within that period of time, and except that the Secretary shall provide the individual or organization an opportunity to show cause, if it so requests, that the emer- gency action is unwarranted.". SEC. 2007. EFFECT OF LOSS OF ACCREDITATION. (a) STATUS AS ELIGIBLE INSTITUTION FOR STAFFORD STUDENT LOAN PROGRAM. — Section 435 of the Higher Education Act of 1965 (20 U.S.C. 1085) is amended— (1) in subsection (a)(l), by striking "The term" and inserting "Subject to subsection (n), the term"; and (2) by adding at the end thereof the following: "(n) IMPACT OF Loss OF AccREDriATiON.—An institution may not be certified or recertified as an eligible institution under subsection (a) of this section if such institution has— "(1) had its institutional accreditation withdrawn, revoked, or otherwise terminated for cause during the preceding 24 months; or "(2) withdrawn from institutional accreditation voluntarily under a show cause or suspension order during the preceding 24 months; unless— "(A) such accreditation has been restored by the same accrediting agency which had accredited it prior to the withdrawal, revocation, or termination; or "(B) the institution has demonstrated its academic integ- rity to the satisfaction of the Secretary in accordance with section 1201(a)(5)(A) or (B) of this Act". (b) STATUS AS ELIGIBLE INSTITUTION FOR OTHER TITLE IV PRO- GRAMS. —Section 481 of the Higher Education Act of 1965 (20 U.S.C. 1088) is amended— (1) in subsection (a)(D, by striking "For the purpose" and inserting "Subject to subsection (e), for the purpose"; and (2) by adding at the end thereof the following: "(e) IMPACT OF Loss OP ACCREDIFATION. —An institution may not be certified or recertified as an institution of higher education under subsection (a) of this section if such institution has—
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