---
kind: "section"
citation: "38 U.S.C. § 3699B"
title: "38"
title_heading: "Veterans’ Benefits"
number: "3699B"
heading: "Treatment of certain for-profit educational institutions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/38/3699B"
units:
  - "Part III — Readjustment and Related Benefits"
  - "Chapter 36 — Administration of Educational Benefits"
  - "Subchapter III — Miscellaneous Provisions"
---

# §3699B. Treatment of certain for-profit educational institutions

- (a) **In General.—** In the case of any for-profit [educational institution](/usc/38/3002.md?p=8) that is converted to a nonprofit [educational institution](/usc/38/3002.md?p=8), the [State](/usc/38/4101.md?p=6) approving agency or the [Secretary](/usc/38/4101.md?p=8) when acting as a [State](/usc/38/4101.md?p=6) approving agency shall conduct annual risk-based surveys of the institution during the three-year period beginning on the date on which the [educational institution](/usc/38/3002.md?p=8) is so converted.
- (b) **Risk-based Survey Defined.—** In this section, the term “risk-based survey” means the risk-based survey developed under [section 3673A of this title](/usc/38/3673A.md).

## Source credit

(Added Pub. L. 116–315, title I, § 1022(a), Jan. 5, 2021, 134 Stat. 4959.)

## Notes

### Statutory Notes and Related Subsidiaries

### Effective Date

Pub. L. 116–315, title I, § 1022(c), Jan. 5, 2021, 134 Stat. 4959, as amended by Pub. L. 117–16, § 5(a), June 8, 2021, 135 Stat. 283, provided that: “Section 3699B of title 38, United States Code, as added by subsection (a), shall apply with respect to the conversion of a for-profit educational institution to a nonprofit educational institution, or the conversion of a for-profit educational institution to a public educational institution, that occurs on or after the date of the enactment of this Act [Jan. 5, 2021].”

[Pub. L. 117–16, § 5(b), June 8, 2021, 135 Stat. 283, provided that: “The amendment made by subsection (a) [amending section 1022(c) of Pub. L. 116–315, set out above] shall apply as if included in the enactment of the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 (Public Law 116–315).” ]