On the recordJuly 23, 2007
It requires the university to know what they are doing, which is one of the things we found in my subcommittee--that they didn't know what they were doing. They weren't aware of where the money was going or how they were spending the money. It makes them look at that. Two, it makes them proactively say they are within the law in terms of how they are spending the student money and the Federal money. Nevertheless, there is a gigantic problem out there today, not the least of which is that it is hard to find in the Constitution where we should be earmarking $2.6 billion a year to private and State universities for education.
Source
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