Tax on University Investments in Adversarial Entities
This new law introduces a special tax for private universities that invest in companies or entities deemed a threat by the U.S. government. The aim is to discourage such investments, which could impact how universities manage their funds and potentially affect tuition fees or program availability.
Key points
Private universities with large endowments (over $1 billion) will face a 50% tax on new investments in entities on government threat lists.
Universities will pay a 100% tax on net income from one-year investments in these same entities.
The act aims to protect against foreign influence by limiting funding to entities considered dangerous.
The U.S. Treasury Department will establish and maintain a list of entities subject to these taxes.
Introduced
Citizen Poll