An anonymous reader writes "A news.com article is covering an amendment to the College Opportunity and Affordability Act (pdf) that should make folks in Hollywood, the RIAA, and the MPAA well pleased. The tiny section seeks to hinge government approval of an institution of higher learning on whether or not they adequately dissuade Peer-to-Peer filesharing of copyrighted materials. The Act came out of the House Education and Labor Committee, which agreed on the terms unanimously. There is still some question, though, as to what penalties should be handed down for institutions that don't do enough to protect intellectual property. 'Some university representatives and fair-use advocates worry that schools run the risk of losing aid for their students if they fail to come up with the required plans. "The language in the bill appears to be clear that failure to carry out the mandates would make an institution ineligible for participation in at least some part of Title IV (which deals with federal financial aid programs)," Steven Worona, director of policy and networking programs for the group Educause, said in a telephone interview Thursday.'" Update: 11/16 16:36 GMT by Z : PDF link corrected.