H.R. 1128: Endowment Accountability Act

119th Congress · introduced 2025-02-07 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Official title

Endowment Accountability Act

Plain summary

Endowment Accountability Act This bill increases the excise tax on the net investment income of certain private university and college endowments. The bill also expands the number of endowments subject to the excise tax by lowering the endowment asset amount per-student threshold. Under current law, certain private universities and colleges with 500 or more tuition-paying students (of which more than 50% are located in the United States) and endowments that are at least $500,000 per student (per-student threshold) pay an excise tax in the amount of 1.4% on the net investment income from such endowments. The bill increases the amount of the excise tax to 10% of the net investment income from such university and college endowments and lowers the per-student threshold to $200,000.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Yea” vote

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A “Nay” vote

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What does this mean? (plain words)

Official text

Endowment Accountability Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Lawler, Michael [R-NY-17] · 0 cosponsors

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Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Endowment: A fund that is invested so its earnings pay for a purpose over time, while the main amount is kept.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr1128.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr1128 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills