This document records testimony from a hearing before the Committee on Education and Labor that was held to examine ways to improve accountability and prevent fraud in for-profit college conversions. Member statements were provided by: (1) Honorable Robert C. Scott, Chairman, Committee on Education and Labor; and (2) Honorable Virginia Foxx, Ranking Member, Committee on Education and Labor. Witness statements were provided by: (1) Yan Cao, JD, Fellow, The Century Foundation; (2) Melissa Emrey-Arras, Director, Education, Workforce and Income Security Issues, U.S. Government Accountability Office; (3) Brian Galle, JD, LL.M., Professor of Law, Georgetown University Law Center; and (4) Andrew Gillen, Ph.D., Senior Policy Analyst, Texas Public Policy Foundation. Additional submissions include: (1) Ranking Member Foxx: Report, ''Cheap for Whom?'', AEI Public Policy Research, October 2011; Charts, ''Executive Compensation at Public and Private Colleges''; Table, ''Spending by Function''; Graphics, ''The College Completion Landscape''; Chart, ''Federal Student Loan Three-Year Default Rate''; and Article, ''Higher Education Has a Tax Problem and It's Hurting Local Communities'', "Time," April 7, 2021; (2) Honorable Alma S. Adams, a Representative in Congress from the State of North Carolina: Letter submitted by NAICU dated April 16, 2021; (3) Questions were submitted for the record by: Chairman Scott; Ranking Member Foxx; Honorable Scott Fitzgerald, a Representative in Congress from the State of Wisconsin; Honorable Diana Harshbarger, a Representative in Congress from the State of Tennessee; and (4) Responses to questions submitted for the record by: Ms. Cao; Mr. Gillen; and Ms. Emrey-Arras.