What is the official ID of this bill?
The official print number for this legislation is S 5234.
New Taxes on University Endowments Investing in Adversary Companies.
This bill introduces significant new excise taxes targeting large private universities with endowments exceeding $1 billion. These institutions face a 50% tax on the acquisition value and a 100% tax on net income derived from investments in entities listed by the US government as security risks or adversaries. The goal is to prevent US university funds from supporting foreign entities deemed hostile or problematic.
Key points
Applies only to private universities with endowments valued over $1 billion.
Imposes a 50% tax on the value of newly acquired stocks, debt, or derivatives related to entities on specific government control lists (e.g., Entity List, FCC Covered List).
Imposes a 100% tax on net income and gains generated from these high-risk investments held for at least one year.
The measure aims to safeguard national security by regulating the investment practices of major university funds.
Status:
Expired
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