; (ii) an administrative proceeding by a Federal or State agency involving noncompliance of any applicable law or regulation; (iii) any other review, audit, or administrative process by any Federal or State agency that results in a penalty, suspension, or termination from any Federal or State program; or (iv) a negative or adverse action taken by an accrediting agency or association recognized by the Secretary pursuant to section 496 with respect to an approved institution or program. (f) For-Profit college warning list for parents and students (1) In general Each academic year, the Committee shall publish a list to be known as the For-Profit College Warning List for Parents and Students to be comprised of for-profit institutions— (A) that have engaged in illegal activity during the previous academic year as determined by a Federal or State court; (B) that have entered into a settlement with a Federal or State entity resulting in a monetary payment; (C) that have had any higher education program limited, withdrawn, or suspended by an external entity (such as a Federal or State entity or an accrediting agency or association recognized by the Secretary pursuant to section 496)