Multiple amendments to 20 U.S.C. 1011c: redesignates certain subparagraphs as clauses; replaces and re-labels portions of subsection (b)(2); changes language in clause (ii) from 'and training' to 'and skills development'; adds a new disqualification subparagraph barring appointment of individuals with significant conflicts of interest (example: current regulators/State authorizers); modifies paragraph (3) to remove prior exception language and requires members who develop a significant conflict during their term to vacate their office with a successor appointed to serve the remainder of the term; removes paragraph (6) of subsection (c); makes punctuation/formatting edits in subsections (d)(2) and (e)(2)(D); and extends the date in subsection (f) from September 30, 2021 to September 30, 2028.

Amends subsection (a) of section 496 to revise criteria required for accrediting agencies or associations, including recognition of State-designated entities and clarifications on institutional or programmatic scope.

Amends subsection (b) to add Secretarial requirements and authority for approval of State plans, publication and 30-day comment periods, and rules for 5-year designations of State-designated accrediting entities.

Amends subsection (c) to require operating procedures (on-site inspections, mechanisms to identify struggling institutions/programs, substantive change procedures), public availability requirements, and adds prohibitions regarding assessment of elected/appointed officials and credential inflation.

Amends subsection (g) to limit the scope of criteria the Secretary may establish and clarifies institutional eligibility when institutions comply with accreditor standards assessing student success outcomes.

Amends subsection (h) governing change of accrediting agency or association, including 10-day notification requirements and the definition of 'covered action.'

Amends subsection (i) (dual accreditation rule) to require institutions accredited by multiple agencies to designate which accreditation will be used for eligibility determinations and the period for such designation.

Amends subsection (k) (religious institution rule) to allow institutions whose accreditation was withdrawn or terminated for reasons related to religious mission to remain certified for a period sufficient to obtain alternative accreditation and establishes an administrative complaint process and timelines.

Amends subsection (n)(3) by striking the last sentence.

Amends subsection (o) by inserting additional text before the period at the end.