The statement accurately reflects the stated purpose of the Time for Completion Act as described in Barrasso's 2026 press release — to improve reporting of graduation rates for community college students so prospective students can make better-informed choices. This is a factual account of what the legislation aims to do and what Barrasso said, not an evaluation of whether current reporting is inaccurate or whether the Act will achieve its goal.

The claim that current federal graduation-rate reporting (IPEDS) excludes many community college students (part-time, transfer, older) is accurate. The Time for Completion Act, introduced by Senator Barrasso, seeks to require disaggregated graduation-rate data to give prospective students more complete information.

There is no known federal legislation called the "Time for Completion Act" as of May 2026, and existing reporting requirements already include graduation rates; the claim that the act will ensure accurate information is not supported by factual evidence.