; and (ii) effectively evaluates the quality of education or training offered by the institutions of higher education accredited by such agency or association; and (B) for purposes of section 496 of the Higher Education Act of 1965 ( 20 U.S.C. 1099b ), as amended by this section, to— (i) establish definitions for the terms related to sanctions, adverse actions, and any other action that an accrediting agency or association may take with respect to an institution of higher education under such section (including monitoring, notice, warning, probation, show cause, denial, withdrawal, suspension, revocation, accreditation, and preaccreditation); and (ii) in a case in which any action defined in clause (i) is taken by an accrediting agency or association with respect to an institution of higher education, establish notice and disclosure requirements for such agency or association and institution of higher education with respect to the public (including students), as long as such requirements are consistent with the requirements of subsections (a)(7) and (c)(7) of section 496 of the Higher Education Act of 1965 ( 20 U.S.C. 1099b ). (b) Amendments Section 496 of the Higher Education Act of 1965 ( 20 U.S.C. 1099b ) is further amended— (1) in subsection (a)— (A) in paragraph (3)(A), by inserting before the semicolon at the end the following: , and any institution described in clauses (i) through (v) of subsection (b)(1)(B) ; (B) in paragraph (5), by striking subparagraphs (A) through (J) and inserting the following: (A) success with respect to student achievement in relation to the institution’s mission (except that the agencies and associations described in paragraph (2)(A)(ii) shall not be subject to this subparagraph), which— (i) shall be assessed using at least 1 measure selected by the agency or association from the list of measures established and defined under section 4713(a)(1) of the College Affordability Act for each of the following outcomes— (I) completion; (II) progress toward completion