or preaccreditation to the institution or program of study. (C) A pending or final action brought by a recognized accrediting agency or association to suspend, revoke, withdraw, or terminate the institution’s or program of study’s accreditation or preaccreditation. (D) Probation or an equivalent status imposed on the institution or program of study by a recognized accrediting agency or association. (3) Institutions of higher education not subject to covered actions An institution (or program of study) that is not subject to a covered action described in paragraph (1) and that desires to change its accrediting agency or association for a reason not related to any such covered action (such as compliance with State law) may make such a change without the approval of the Secretary, as long as the institution (or program) and the new accrediting agency or association of the institution (or program), not later than 30 days after the accreditation decision by such agency or association, notify the Secretary, in writing, of the effective date of the institution’s (or program’s) accreditation by such agency or association. . (g) Dual accreditation rule Section 496 ( 20 U.S.C. 1099b ) is further amended by amending subsection (i) to read as follows: (i) Dual accreditation rule (1) Recognition by secretary The Secretary shall recognize the accreditation of any otherwise eligible institution of higher education if the institution of higher education is accredited, as an institution, by more than one accrediting agency or association. (2) Designation by institution If the institution is accredited, as an institution, by more than one accrediting agency or association, the institution— (A) shall designate which agency’s or association’s accreditation shall be utilized in determining the institution’s eligibility for participation in programs under this Act