In his announcement, Florida Gov. Ron DeSantis slammed the current system as an "accreditation cartel" and decried diversity standards at accreditors.
Expanding Pell Grants to short-term programs and consolidating student loan programs were among the proposals flagged by the chamber’s parliamentarian.
The move follows similar lawsuits against Kentucky and Texas as the Trump administration targets laws that states have had on their books for years.
The private nonprofit is cutting $140 million from its budget as it grapples with “significant budget consequences” from federal policy shifts.