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University Endowment Transparency: Mandatory Reporting on Assets and Diversity.

This law mandates that colleges receiving federal aid must annually disclose how their endowments are invested and managed. The public information, available online, includes details on total assets and the extent to which minority- and women-owned investment firms are utilized. This aims to increase financial transparency for students and parents while promoting diversity in university asset management.
Key points
Colleges must publicly report detailed data on their investment assets annually via the College Navigator website, increasing financial transparency.
Reporting must include the percentage of assets managed by minority- or women-owned firms, promoting economic diversity.
A federal agency will analyze this data and recommend ways for universities to increase their use of diverse asset management firms.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_2187
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2023-06-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
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 118_S_2187.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-22.

What are the main provisions?

Key points include:

  • Colleges must publicly report detailed data on their investment assets annually via the College Navigator website, increasing financial transparency.
  • Reporting must include the percentage of assets managed by minority- or women-owned firms, promoting economic diversity.
  • A federal agency will analyze this data and recommend ways for universities to increase their use of diverse asset management firms.
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 Sen. Booker, Cory A. [D-NJ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Education Economy