Penn State announced in a press release this afternoon that it is revoking recognition of Beta Theta Pi fraternity following the death of student Tim Piazza. The national chapter of Beta Theta Pi has also revoked recognition of the Penn State chapter.

“Based on information gained through its inquiry thus far, the university has decided to withdraw immediately recognition of Beta Theta Pi fraternity,” the release reads. “This revocation will remain in effect no less than five years and may be made permanent upon completion of the criminal and University investigations now underway.”

The university says the revocation will last for “no less than” five years and may continue permanently after that. Such a revocation means that all members of the fraternity are immediately stripped of recognition in the Greek community at Penn State and acknowledgments and privileges that come with such.

Penn State also banned all social events involving alcohol for the remainder of the year for all Interfraternity Council fraternities. In addition to this, IFC chapters must cease all “new member programs” and are subject to random, unannounced compliance checks by the university in public areas of the fraternities.

The release also imposes serious regulations on Greek socials going forward, including that frats may not serve any hard liquor at social and any distribution of alcohol must be by a certified Pennsylvania’s Liquor Control Board member. Fraternities will also not be able to hold indoor or outdoor gatherings with more than the legal maximum of the property’s occupancy limit.

Along with these regulations, there will now be “excessive monitoring: at social events to prevent any underage drinking and any chapter that fails to comply with the new regulations will be placed on probation and their status will be revoked immediately. These rules, according to the release, are in place permanently.

We will continue to add information to this story.

Update, 1:15 p.m.: The Interfraternity Council released a statement supporting both the university and national chapter’s decision to revoke Beta Theta Pi’s recognition.

“The Interfraternity Council views the actions of the Beta Theta Pi chapter contradictory to both the Interfraternity Council’s and University’s values,” IFC VP for Communications Michael Cavallaro said via email. “For that reason, we support the decision of the Beta Theta Pi’s National Organization to revoke Beta Theta Pi’s charter. The Interfraternity Council will continue to work with the University to make our community safer, as this our number one priority.”