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Ending federal funding for universities with large endowments.

This bill aims to stop the transfer of federal taxpayer money to very wealthy universities whose endowment funds exceed $5 billion. This means public funds will be redirected from these institutions, potentially affecting the availability of research and educational programs at these schools. An exception is made for funding projects critical to national security or border control.
Key points
Funding Ban: Institutions of higher education with endowment funds of $5 billion or more will not receive federal funds.
Exceptions: Federal funding is still allowed for research and projects related to critical national functions, such as national security or southern border operational control.
Impact: The change primarily targets the wealthiest, elite universities, potentially altering how they finance their non-critical programs.
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Expired
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Additional Information
Print number: 118_HR_6620
Sponsor: Rep. Crane, Elijah [R-AZ-2]
Process start date: 2023-12-06