12 2 STA T .3507PUBLIC LA W 110 – 315 — AU G .1 4, 200 8(b)CONSULTA T I ON .—Inco n du c ti n g t hes tud y unde r subsection ( a ) , the Co mp tro l ler G eneral o f the U nited S tates shall consult w ith— ( 1 ) the Secretary of E ducation
( 2 ) the F ederal T rade Commission; ( 3 ) representati v es of student loan borrowers; ( 4 ) representatives from institutions of higher education, including financial aid administrators, registrars, business offi - cers, and student affairs officials; ( 5 ) Federal and private educational lenders (as defined in section 14 0 of the Truth in L ending A ct), loan servicers, and guaranty agencies; and ( 6 ) other appropriate entities with relevant e x perience. (c) REP O R T.— N ot later than two years after the date of enact- ment of this Act, the Comptroller General of the United States shall submit to the authori z ing committees a report on the study conducted under subsection (a). SEC.1 1 24 . S TUDYON DE PAR T M ENT O F EDUCAT I ONO V ERSI GH TOF INCENTIVE COMPENSATION B AN. (a) IN GENERAL.—Not later than 1 8 months after the date of enactment of this Act, the Comptroller General of the United States shall— (1) conduct a study of efforts by the Secretary of Education to enforce the provisions of section 48 7 (a)(20) of the H igher Education Act of 1 9 65 (20 U.S.C. 1094(a)(20)); and (2) submit to the authorizing committees a report that provides the results of such study. (b) CONTENT O F REPORT.—The report submitted under sub- section (a) shall include— (1) an analysis of the nature, extent, and effectiveness of the Secretary of Education ’ s activities to enforce the provi- sions of section 487(a)(20) of the Higher Education Act of 1965 (20 U.S.C. 1094(a)(20)); (2) the number of institutions of higher education for which investigations were initiated by the Secretary for potential vio- lations of such section since 1998; (3) in cases where violations of such section by institutions of higher education were substantiated by the Secretary— (A) the names of such institutions; ( B ) the nature of the violations; and (C) the penalty, if any, imposed by the Secretary for such violations; (4) an analysis of the impact of the ‘ ‘safe harbor’’ regulations under section 668.14(b)(22)(ii)(A) through (L) of title 34, Code of Federal Regulations, promulgated under such section 487(a)(20), on the number and nature of cases examined by the Secretary for potential violations of such section 487(a)(20), including whether the number of cases examined by the Sec- retary has increased or decreased since such regulations went into effect; (5) information on the extent to which the Secretary has considered efforts by States to examine unethical or unlawful student recruitment or admissions practices by institutions of higher education, including practices that violate the provisions of such section 487(a)(20); and Reports.D e adlin e.
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