; and (iii) in accordance with section 489A, in any case where the Secretary determines, after providing an institution with reasonable notice and an opportunity for a hearing, that the institution is classified as a public institution of higher education or a nonprofit institution for purposes of this Act but is in violation of, or has failed to carry out, any requirements relating to such nonprofit or public status in accordance with paragraphs (13) and (15) of section 103 or section 124, a process through which the Secretary may— (I) limit, suspend, or terminate the institution’s participation in any program under this title under section 489A(b)(1); (II) impose a civil penalty under section 489A(c); or (III) take an emergency action under section 498A(d) against an institution. ; (2) Conforming amendments Section 487(i) (20 U.S.C. 1094(i)), as redesignated by section 101(b)(3), is further amended— (A) by striking subsection (c)(1)(D), ; and (B) by inserting or subsection (b)(1) or (c) of section 489A after of this section . 103. For-Profit Education Oversight Coordination Committee Part B of title I (20 U.S.C. 1011 et seq.), as amended by section 102, is further amended by adding at the end the following: 125. For-Profit Education Oversight Coordination Committee (a) Definitions In this section: (1) Executive officer The term executive officer , with respect to a for-profit institution that is a publicly traded corporation, means— (A) the president of such corporation; (B) a vice president of such corporation who is in charge of a principal business unit, division, or function of such corporation, such as sales, administration, or finance