What is the official ID of this bill?

The official print number for this legislation is HR 8913.

When did the legislative process begin?

The process officially started on 2024-07-02.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr8913/BILLS-118hr8913rh.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

Who is the primary sponsor?

The primary sponsor is Rep. Ferguson, A. Drew [R-GA-3].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 798.

Analysis and Potential Impact of HR 8913

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Change for Universities: Excluding Students from Endowment Tax Calculation

Q: What are the main provisions?

Key points include: University Tax Rules: Modifies the student count calculation used to determine if a private institution is subject to the excise tax on investment income. Student Exclusion: Students not meeting federal aid eligibility requirements (under section 484(a)(5) of the Higher Education Act) are excluded from the threshold calculation. Reporting Requirement: Institutions must report the number of students counted in the calculation both before and after applying this exclusion.

This bill amends the Internal Revenue Code to modify how private colleges and universities calculate whether they are subject to the excise tax on net investment income. It excludes students who do not meet federal student aid eligibility requirements under the Higher Education Act of 1965 from the threshold calculation. This change applies to taxable years beginning after December 31, 2024.

Key points

University Tax Rules: Modifies the student count calculation used to determine if a private institution is subject to the excise tax on investment income.

Student Exclusion: Students not meeting federal aid eligibility requirements (under section 484(a)(5) of the Higher Education Act) are excluded from the threshold calculation.

Reporting Requirement: Institutions must report the number of students counted in the calculation both before and after applying this exclusion.

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Additional Information

Protecting American Students Act

Print number: HR 8913

Sponsor: Rep. Ferguson, A. Drew [R-GA-3]

Process start date: 2024-07-02

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-3-pro-preview

Source data: api.congress.gov

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Tax Change for Universities: Excluding Students from Endowment Tax Calculation

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