1. Short title This Act may be cited as the Stop College Closures Act of 2019 . 2. Requirements for accrediting agency recognition Section 496 of the Higher Education Act of 1965 ( 20 U.S.C. 1099b ) is amended— (1) in subsection (c)— (A) in paragraph (2), by inserting before the semicolon at the end the following: or decline ; (B) by amending paragraph (3) to read as follows: (3) requires an institution to submit for approval to the accrediting agency or association a teach-out plan upon the occurrence of any of the following events— (A) the Secretary notifies the agency or association that the Secretary has determined under section 498(c) that the institution does not have the financial responsibility required by this title; (B) the Secretary notifies the agency of a determination by the institution’s independent auditor expressing doubt with the institution’s ability to operate as a going concern or indicating an adverse opinion or finding of material weakness related to financial stability, except that this subparagraph shall not apply with respect to a public institution; (C) the agency or association acts to place an institution on probation, show cause, or equivalent status; or (D) the Secretary notifies the agency that the institution is participating in title IV under a provisional program participation agreement; ; (C) by amending paragraph (6) to read as follows: (6) requires that teach-out agreements among institutions are subject to approval by the accrediting agency or association consistent with standards promulgated by such agency or association, and that such an agreement shall be required and subject to such approval upon the occurrence of any of the following events: (A) the Secretary notifies the agency or association that— (i) the Secretary has placed the institution on the reimbursement payment method pursuant to section 487(c)(1)(B)