Another Example of Undue Regulatory Burdens that will Limit American Prosperity and Reduce Our Competitiveness
WASHINGTON, D.C.—U.S. Chamber of Commerce Vice President of the Forum for Policy Innovation Cheryl Oldham, issued the following response today regarding the Department of Education’s final gainful employment regulation:
“Today the Department of Education issued a new rule that will limit Americans’ access to education and job training while having a chilling effect on job creation. While the Department has made changes from the original proposal, there are still many problems with the final regulation. We remain concerned with the rushed process surrounding the development of this rule and believe the department usurped Congressional authority by developing such a specific definition of gainful employment.
“If the Administration is concerned with rising student debt and rising costs of college, it should not focus additional regulations only on private-sector colleges and universities. To single out proprietary schools is a sloppy, thoughtless approach to improving higher education. Real improvement can only occur when all sectors are handled with consistency.
“The new gainful employment regulation limits the flexibility of private-sector higher-education providers and forces students attending these institutions out of the workforce. The final gainful employment regulation harms those in the private sector who are investing capital and spurring innovation to accommodate students who need more convenient and creative educational opportunities than those offered by traditional schools.
“This is yet another example of undue regulatory burdens that will limit American prosperity and reduce our competitiveness.”
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.
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