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.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.