Cases & Developments

Summary from the National Association of College & University Business Officers on legislative and regulatory actions that occurred from October 17-23, 2023. This summary highlights a letter from 17 lawmakers to the Departments of Education and Agriculture requesting clarification of flexibilities for and increased access to the Supplemental Nutrition Assistance Program (SNAP) for college students, since the pandemic-era waiver expired on July 1; the announcement by the IRS of a special process for employers to withdraw claims for the Employer Retention Credit (ERC) if they are concerned about the accuracy of their claims; a new application process for the Low-Income Communities Bonus Credit Program to increase certain investment tax credits for projects located in qualifying areas; and advocacy from the American Council on Education (ACE) and NACUBO requesting that the Department of Labor (DOL) extend the comment period by 60 days on its proposed increase of the salary threshold for overtime pay.   

Letter from the American Council on Education (ACE) and five other higher education associations to the Middle States Commission on Higher Education (MSCHE) regarding its recent proposed policy on third-party servicers. Noting the recent interest by the Department of Education in increasing oversight of third-party servicers, the associations urge the MSCHE to limit the scope of its definition of third-party providers in its proposed policy. The associations also urge the MSCHE to pause its efforts until after ED addresses TPS regulation through negotiated rulemaking.