H.R.8447: Protecting Endowments from Our Adversaries Act

About This Bill

Bill Sponsor

Bill Version

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.)

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print Google News logo Google_NewsInitiative_Lockup_FullColor RSS Search Search Twitter WhatsApp Resolving differences Check Building Arrow right Info circle Oops OOPS Pencil File text Bars Search Close Cogs Filter Compare Revolving Door Info card Activity Member menu Globe Document External link Quote News Calendar No Vote
Current site Current page