The rule would ease the way for new accreditors to form and give agencies significant new duties, including overseeing intellectual diversity policies.
After closing abruptly this year, the Catholic institution is trying to pay off millions of dollars in debt.
Officials allege the Mabna Institute was behind an effort to steal research from American universities, companies and government agencies.
Torey Alston sued the board and won a ruling requiring trustees to attend mediation to attempt to work out an employment contract dispute with him.