Only centrists have signed this so far (Bill Ranking)
H.R. 1128 · 119th Congress (2025-2026)
1 member · Left 0 · Center 1 · Right 0 (Bill Ranking)
| Sponsor | Rep. Lawler, Michael (R-NY) (Introduced 02/07/2025) |
|---|---|
| Sponsor Voting Record | Center · DW-NOMINATE +0.19 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 1 member signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Ways and Means Committee |
| Latest Action | 02/07/2025 Referred to the House Committee on Ways and Means. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in House (02/07/2025)
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.
119 HR 1128 IH: Endowment Accountability Act U.S. House of Representatives 2025-02-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 1128IN THE HOUSE OF REPRESENTATIVESFebruary 7, 2025Mr. Lawler introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to increase the rate of the excise tax based on investment income of private colleges and universities and to broaden the definition of applicable educational institution by lowering the threshold with respect to aggregate fair market value per student, and for other purposes.1.Short titleThis Act may be cited as the Endowment Accountability Act.2.Excise tax based on investment income of private colleges and universities(a)Increase in rate of taxSection 4968(a) of the Internal Revenue Code of 1986 is amended by striking 1.4 percent and inserting 10 percent.(b)Lowering asset per student threshold for definition of applicable educational institutionSection 4968(b)(1)(D) of such Code is amended by striking $500,000 and inserting $200,000.(c)Effective dateThe amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 02/07/2025 | Library of Congress | Introduced in House |
| 02/07/2025 | Library of Congress | Introduced in House |
| 02/07/2025 | House floor actions | Referred to the House Committee on Ways and Means. |
| Title Type | Title |
|---|---|
| Display Title | Endowment Accountability Act |
| Short Title(s) as Introduced | Endowment Accountability Act |
| Official Title as Introduced | To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax based on investment income of private colleges and universities and to broaden the definition of applicable educational institution by lowering the threshold with respect to aggregate fair market value per student, and for other purposes. |
There are no amendments to this bill.
There are no cosponsors of this bill.
| Committee | Activity |
|---|---|
| House - Ways and Means Committee | 02/07/2025 Referred To |
No related bill information was received for H.R. 1128.
Policy Area: Taxation
No legislative subjects have been assigned yet.
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