; (ii) may include automatic triggers for inquiries by the Department or regular secret shopper or audit-based investigations to ensure that institutions of higher education remain in compliance with the ban; and (iii) shall explain the range of sanctions, as described in section 489A, that the Secretary may carry out to enforce this subsection. (C) Report The Department shall publish an annual report, and shall submit that report to the authorizing committees and the For-Profit Education Oversight Coordination Committee established under section 125, which shall include— (i) a description of the status of any investigations conducted under this subsection; (ii) the names of institutions found to be not in compliance with this subsection; (iii) the sanctions the non-compliant institution of higher education faced; and (iv) in the case of an institution subject to liability for funds under this title pursuant to subparagraph (B)(iii), the amount of such liability. . 303. Definition of nonprofit institution of higher education Section 103 (20 U.S.C. 1003) is amended by striking paragraph (13) and inserting the following: (13) Nonprofit (A) In general The term nonprofit — (i) as applied to a school, agency, organization, or institution, means a school, agency, organization, or institution controlled, owned, and operated by one or more nonprofit corporations or associations, no part of the net earnings of which inures, or may lawfully inure, to the benefit of any private shareholder or individual; and (ii) as applied to an institution of higher education, means an institution— (I) that meets the requirements of subparagraph (A); (II) that is an organization described in section 170(b)(1)(A)(ii) or (vi) of the Internal Revenue Code of 1986