1. Short title
This Act may be cited as the “Fostering Undergraduate Talent by Unlocking Resources for Education Act” or the “FUTURE Act”.
Fostering Undergraduate Talent by Unlocking Resources for Education Act
A BILL
To reauthorize mandatory funding programs for historically Black colleges and universities and other minority-serving institutions.
2. Strengthening historically black colleges and universities and other minority-serving institutions
Section 371(b) of the Higher Education Act of 1965 (20 U.S.C. 1067q(b)) is amended—
in paragraph (1)(A)—
in the first sentence, by striking “through 2019” and inserting “through 2021”; and
by striking the second sentence; and
in paragraph (2)—
in subparagraph (A)—
in clause (ii)—
by striking “$100,000,000” and inserting “$85,000,000”; and
by striking “and” after the semicolon;
by redesignating clause (iii) as clause (iv);
by inserting after clause (ii) the following:
“(iii) $15,000,000 shall be available for allocation under subparagraph (D); and”
in clause (iv), as redesignated by clause (ii), by striking “(D)” and inserting “(E)”;
by striking subparagraph (C) and inserting the following:
“(C) Allocation and allotment hbcus—The amount made available for allocation under this subparagraph by subparagraph (A)(ii) for any fiscal year shall be available to eligible institutions described in subsection (a)(1) and shall be made available as grants under section 323 and allotted among such institutions under section 324, treating such amount, plus the amount appropriated for such fiscal year in a regular or supplemental appropriation Act to carry out part B of this title, as the amount appropriated to carry out part B of this title for purposes of allotments under section 324, for use by such institutions with a priority for—
“(i) activities described in paragraphs (1), (2), (4), (5), and (10) of section 323(a); and
“(ii) other activities, consistent with the institution's comprehensive plan and designed to increase the institution's capacity to prepare students for careers in the physical or natural sciences, mathematics, computer science or information technology or sciences, engineering, language instruction in the less commonly taught languages or international affairs, or nursing or allied health professions.”
by redesignating subparagraph (D) as subparagraph (E);
by inserting after subparagraph (C) the following:
“(D) Allocation and allotment pbis
“(i) In general—The amount made available for allocation under this subparagraph by subparagraph (A)(iii) for any fiscal year shall be available to eligible institutions described in subsection (a)(5) and shall be available for a competitive grant program to award grants of $600,000 annually for programs in any of the following areas:
“(I) Science, technology, engineering, or mathematics (STEM).
“(II) Health education.
“(III) Internationalization or globalization.
“(IV) Teacher preparation.
“(V) Improving educational outcomes of African American males.
“(ii) Excess funds—The Secretary shall allot any amounts remaining from the amount made available for allocation under this subparagraph by subparagraph (A)(iii) for any fiscal year after grants are awarded under clause (i) to eligible institutions described in subsection (a)(5) for activities determined appropriate by the Secretary.”
in subparagraph (E), as redesignated by subparagraph (C), in the matter preceding clause (i), by striking “subparagraph (A)(iii)” and inserting “subparagraph (A)(iv)”.
3. Elimination of account maintenance fees
Section 458(a)(4) of the Higher Education Act of 1965 (20 U.S.C. 1087h(a)(4)) is amended by adding at the end the following: “Notwithstanding any other provision of this Act, the authority to obligate funds for account maintenance fees under this section shall expire at the end of fiscal year 2019.”.