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Increased Transparency for University Finances: Asset and Advisor Reporting

This act mandates annual reporting by higher education institutions on detailed information about managed assets, including investment firms and advisors. The goal is to enhance financial transparency of universities and promote collaboration with firms owned by women and minorities. Citizens will gain better insight into how universities manage their funds, which may influence decisions regarding university choice or financial support.
Key points
Universities will be required to annually disclose who manages their assets and how they are invested.
Reports will include data on investment firms owned by women and minorities, promoting their participation in university fund management.
A report analyzing the data and providing recommendations on increasing collaboration with women- and minority-owned firms will be published every two years.
Conferences will be held every five years to help universities and investment firms share best practices.
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Expired
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Additional Information
Print number: 117_HR_9226
Sponsor: Rep. Cleaver, Emanuel [D-MO-5]
Process start date: 2022-10-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Endowment Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9226.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-10-25.

What are the main provisions?

Key points include:

  • Universities will be required to annually disclose who manages their assets and how they are invested.
  • Reports will include data on investment firms owned by women and minorities, promoting their participation in university fund management.
  • A report analyzing the data and providing recommendations on increasing collaboration with women- and minority-owned firms will be published every two years.
  • Conferences will be held every five years to help universities and investment firms share best practices.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cleaver, Emanuel [D-MO-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Education Economy Public Investments