; (B) by striking subsection (d); and (C) by redesignating subsections (e) through (j) as subsections (d) through (i), respectively. (b) Financial value transparency and gainful employment (1) Regulation repealed Sections 600.10, 600.21, 668.2, 668.13, 668.43, 668.91, 668.402 through 668.409 (excluding section 668.408), and 668.601 through 668.606 of title 34, Code of Federal Regulations (relating to financial value transparency and gainful employment), as added or amended by the final regulations published by the Department of Education in the Federal Register on October 10, 2023 (88 FR 70004 et seq.), are repealed and will have no force or effect. (2) Prohibition The Secretary of Education shall not, on or after the date of enactment of this Act, promulgate or enforce any regulation or rule with respect to the definition or application of the term gainful employment for any purpose under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. ). (c) Changes in ownership (1) Regulation repealed Sections 600.2, 600.4, 600.20, 600.21, and 600.31 of title 34, Code of Federal Regulations (relating to changes in ownership), as added or amended by the final regulations published by the Department of Education in the Federal Register on October 28, 2022 (87 Fed. Reg. 65426 et seq.), are repealed and will have no force or effect. (2) Amendments Section 498(i) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c(i) ) is amended— (A) in the subsection heading, by inserting and Proposed Changes of Ownership after Ownership ; (B) in paragraph (1)— (i) by striking (1) An eligible institution , and inserting the following: (1)(A) An eligible institution ; (ii) by striking the requirements of section 102 (other than the requirements in subsections (b)(5) and (c)(3)) and inserting the applicable requirements of section 102 or 103(13)