HB6620: No Taxpayer Funding for Ivy League Schools Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To prohibit Federal funds from being provided to institutions of higher education with endowment funds equaling or exceeding $5,000,000,000, and for other purposes.
Plain-language summary
This bill would stop federal money from going to universities with endowments of $5 billion or more. An endowment is a large pool of money that a university holds and invests for long-term support. The bill targets wealthy schools, primarily Ivy League universities and similar institutions. It affects federal funding for research, student aid, and other education programs at these schools. The bill is currently in the early stage after being introduced in Congress.
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HB6620: No Taxpayer Funding for Ivy League Schools Act