Section 1. Short title
This Act may be cited as the Growing Reputable Academic Departments Act or the GRAD Act.
(a) Historically Black colleges and universities
Section 723 of the Higher Education Act of 1965 (20 U.S.C. 1136a) is amended—
(1) in subsection (b)(1), by adding at the end the following:
(S) A part B institution (as defined in section 322) that—
(i) offers a qualified masters degree program; and
(ii) is not listed under subparagraphs (A) through (R).
(1) ; and
(2) in subsection (f)(3), in the matter preceding subparagraph (A)—
(A) by striking any amount in excess of $9,000,000 and inserting after the application of paragraph (2), any remaining amount; and
(B) by striking (R) and inserting (S).
(b) Predominantly Black Institutions
Section 724 of the Higher Education Act of 1965 (20 U.S.C. 1136b) is amended—
(1) in subsection (b)(1), by adding at the end the following:
(F) A Predominantly Black Institution (as defined in section 318) that—
(i) offers a qualified masters degree program; and
(ii) is not listed in subparagraphs (A) through (E).
(1) ; and
(2) in subsection (f)(3), in the matter preceding subparagraph (A)—
(A) by striking any amount in excess of $2,500,000 and inserting after the application of paragraph (2), any remaining amount; and
(B) by striking through (E) and inserting through (F).