; definition (1) In general The purpose of this section is to establish minimum institutional accountability standards that will be required of all institutions of higher education that receive funds or whose students receive funds pursuant to title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) programs. The standards shall focus on affordability, accessibility for low- and middle-income students, and value. (2) Institution of higher education In this section: (A) In general The term institution of higher education means an institution of higher education described in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ), except as provided in subparagraphs (B) and (C). (B) Exception The term institution of higher education does not include institutions that solely offer graduate or professional degree programs of study. (C) Institutions To the extent an institution offers undergraduate programs of study and graduate or professional degree programs of study, for purposes of this section, the term institution of higher education with respect to such institutions shall only include the undergraduate programs of study. (b) Commission on higher education accountability standards (1) In general Not later than 90 days after the date of enactment of this Act, there shall be established a Commission on Higher Education Accountability Standards (referred to in this section as the Commission ) to make recommendations on a set of minimum accountability standards and the measures for assessing compliance with such standards for institutions of higher education that shall focus on affordability, access for low- and middle-income students, and value. (2) Composition of the Commission (A) In general Members of the Commission shall be appointed as follows: (i) 5 members shall be appointed by the Majority Leader of the Senate, with the concurrence of the Minority Leader of the Senate on 2 of such members. (ii) 5 members shall be appointed by the Majority Leader of the House of Representatives, with