; and (2) in paragraph (1)— (A) by striking subparagraph (E); and (B) by redesignating subparagraph (F) as subparagraph (E). 3. Administration and eligibility requirements Section 487(d)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(d)(2) ) is amended— (1) in subparagraph (A), by adding at the end the following: The provisions of this subparagraph shall apply only until the beginning of the 2022 institutional fiscal year. ; (2) in subparagraph (B), by striking In addition and inserting Until the beginning of the 2022 institutional fiscal year, in addition ; (3) by adding at the end the following: (C) Beginning with the 2022 institutional fiscal year (i) In general Notwithstanding any other provision of this section, beginning with the 2022 institutional fiscal year, a proprietary institution of higher education that fails to meet the requirement of subsection (a)(24) shall be subject to the following: (I) If the failure to meet the requirement of subsection (a)(24) is in a year that is immediately subsequent to a year in which the institution met the requirement of subsection (a)(24), no Federal educational assistance shall be paid by the Department of Veterans Affairs or the Department of Defense— (aa) to the institution for new enrollments; or (bb) on behalf of a student or to a student to be used to attend the institution if the student is a new student. (II) If the failure to meet the requirement of subsection (a)(24) is the second consecutive failure— (aa) no Federal educational assistance shall be paid by the Department of Veterans Affairs or the Department of Defense— (AA) to the institution for new enrollments; or (BB) on behalf of a student or to a student to be used to attend the institution if the student is a new student