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- H.R.8447
H.R.8447: Protecting Endowments from Our Adversaries Act
About This Bill
- Introduced July 20, 2022
- Latest Major Action July 20, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Republicans)
Bill Version
- Introduced in House - July 20, 2022
Bill Summary
Protecting Endowments from Our Adversaries Act This bill imposes an excise tax equal to 50% of the fair market values of certain investments made by private colleges and universities with assets or endowments exceeding $1 billion. It also taxes 100% of the net income of such investments held during a one-year period. These investments are in certain foreign persons or entities (e.g., Chinese or Russian companies) that are included on lists...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 20, 2022 |
Referred to the House Committee on Ways and Means.
|
| July 20, 2022 |
Introduced in the House by Greg Murphy (R-N.C.) |