CA SB1433

Extends the California Private Postsecondary Education Act of 2009 from January 1, 2023 to January 1, 2027, continuing regulatory oversight of private postsecondary institutions by the Bureau for Private Postsecondary Education

Expands the definition of "to operate" to include enrolling California residents in distance education programs at out-of-state institutions, and authorizes the bureau to establish thresholds for limited physical presence subject to registration requirements

Exempts higher education institutions that do not award degrees and charge $2,500 or less from registration requirements, and authorizes the bureau to deny applications from institutions owned or controlled by persons involved in prior revocations or discipline

Requires institutions to immediately notify the bureau when they lose accreditation, become subject to provisional approval status, and submit an accreditation plan within six months to regain full accreditation within five years

Prohibits institutions from requiring nondisclosure agreements pertaining to student or employee relationships or experiences, requires automatic suspension of approval to operate programs when institutional licensing is lost, and makes notes and evidence of indebtedness void unless the institution held valid approval or registration at execution