; and (B) does not include an extension of credit under an open end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling. (5) Recruiting and marketing activities The term recruiting and marketing activities means the recruiting and marketing activities described in section 126(d)(2). (6) State approval agency The term State approval agency means any State agency that determines whether an institution of higher education is legally authorized within such State to provide a program of education beyond secondary education. (7) Veterans service organization The term veterans service organization means an organization recognized by the Secretary of Veterans Affairs for the representation of veterans under section 5902 of title 38, United States Code. (b) Establishment of committee (1) Establishment There is established in the executive branch a committee to be known as the For-Profit Education Oversight Coordination Committee (referred to in this section as the Committee ) and to be composed of the head (or the designee of such head) of each of the following Federal entities: (A) The Department of Education. (B) The Bureau of Consumer Financial Protection. (C) The Department of Justice. (D) The Securities and Exchange Commission. (E) The Department of Defense. (F) The Department of Veterans Affairs. (G) The Federal Trade Commission. (H) The Department of Labor. (I) The Internal Revenue Service. (J) The enforcement unit of the Performance-Based Organization established under section 141(g). (K) At the discretion of the Chairperson of the Committee, any other relevant Federal agency or department. (2) Purposes The Committee shall have the following purposes: (A) Coordinate Federal oversight of for-profit institutions to— (i) improve enforcement of applicable Federal laws and regulations; (ii) increase accountability of for-profit institutions to students and taxpayers