; and (B) in legal processes or admitted as evidence in any judicial or administrative proceeding. (3) Penalties The Secretary shall establish penalties for a violation of paragraph (1) or (2) that includes both a monetary fine and up to 5 years in prison. (4) Audits In carrying out this section, the State in which the institution of higher education is located shall contract with an independent third party to conduct audits of the publication of information described in subsection (a)(1) to ensure quality, validity, reliability, and compliance with all Federal standards of data quality and individual privacy. (c) Rule of construction Nothing in this section shall be construed to authorize or permit the Secretary or any employee or contractor of the Department to mandate, direct, or control the selection of practices or curriculum by an institution of higher education. . (b) GAO report (1) Study The Comptroller General of the United States shall conduct a study that compiles all the institutional publication of information pursuant to section 493F of the Higher Education Act of 1965. (2) Report Not later than October 1 of the fourth fiscal year after the date of enactment of this Act, the Comptroller General of the United States shall submit a report containing the results of the study under paragraph (1) to the appropriate committees of Congress. III Fiscal accountability 301. Phasing out loan forgiveness The Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.) is amended— (1) in section 455— (A) in subsection (d), by adding at the end the following: (6) Elimination of loan forgiveness Notwithstanding any other provision of this Act, with respect to any loan made on or after 6 months after the date of enactment of the Higher Education Reform and Opportunity Act of 2017 , the Secretary may not repay or cancel any outstanding balance of principal and interest due on the loan for the borrower of the loan pursuant to this subsection.