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Higher Taxes for Universities: Changes in Private Education Funding.

This act increases the excise tax on investment income of private colleges and lowers the asset threshold per student, meaning more institutions will be subject to this tax. This could impact tuition fees or scholarship availability, potentially altering education costs for students.
Key points
The excise tax on private university investment income increases from 1.4% to 10%.
More private colleges will be subject to this tax as the asset per student threshold decreases from $500,000 to $200,000.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_1128
Sponsor: Rep. Lawler, Michael [R-NY-17]
Process start date: 2025-02-07
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Endowment Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1128.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-07.

What are the main provisions?

Key points include:

  • The excise tax on private university investment income increases from 1.4% to 10%.
  • More private colleges will be subject to this tax as the asset per student threshold decreases from $500,000 to $200,000.
What is the specific legal status?

The current status is Introduced.

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 Rep. Lawler, Michael [R-NY-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Education