ESI statute

Section 487A

(b) REGULATORY IMPROVEMENT AND STREAMLINING EXPERI-MENTS.—

(1) IN GENERAL.—The Secretary may continue any experi-mental

sites in existence on the date of enactment of the High-er

Education Amendments of 1998. Any activities approved by

the Secretary prior to such date that are inconsistent with this

section shall be discontinued not later than June 30, 1999.

(2) REPORT.—The Secretary shall review and evaluate the

experience of institutions participating as experimental sites

during the period of 1993 through 1998 under this section (as

such section was in effect on the day before the date of enact-ment

of the Higher Education Amendments of 1998), and shall

submit a report based on this review and evaluation to the

Committee on Labor and Human Resources of the Senate and

the Committee on Education and the Workforce of the House

of Representatives not later than 6 months after the enactment

of the Higher Education Amendments of 1998. Such report

shall include—

(A) a list of participating institutions and the specific

statutory or regulatory waivers granted to each institution;

(B) the findings and conclusions reached regarding

each of the experiments conducted; and

(C) recommendations for amendments to improve and

streamline this Act, based on the results of the experi-ment.

(3) SELECTION.—

(A) IN GENERAL.—Upon the submission of the report

required by paragraph (2), the Secretary is authorized to

select a limited number of additional institutions for vol-untary

participation as experimental sites to provide rec-ommendations

to the Secretary on the impact and effec-tiveness

of proposed regulations or new management ini-tiatives.

(B) CONSULTATION.—Prior to approving any additional

experimental sites, the Secretary shall consult with the

Committee on Labor and Human Resources of the Senate

and the Committee on Education and the Workforce of the

House of Representatives and shall provide to such Com-mittees—

(i) a list of institutions proposed for participation

in the experiment and the specific statutory or regu-latory

waivers proposed to be granted to each institu-tion;

(ii) a statement of the objectives to be achieved

through the experiment; and

(iii) an identification of the period of time over

which the experiment is to be conducted.

(C) WAIVERS.—The Secretary is authorized to waive,

for any institution participating as an experimental site

under subparagraph (A), any requirements in this title, or

regulations prescribed under this title, that will bias the

results of the experiment, except that the Secretary shall

not waive any provisions with respect to award rules,

grant and loan maximum award amounts, and need analy-sis

requirements.