The No Subsidies for Wealthy Universities Act aims to limit federal research award reimbursement for indirect costs at higher education institutions. It requires the collection of data on university endowments and prohibits the use of federal research funds for indirect costs...
Simple Explanation
The No Subsidies for Wealthy Universities Act is like a rule that says big universities with lots of money can't use government research money for extra costs, like keeping their buildings and offices running. Instead, they have to spend their own money for those things so the government can help smaller universities more.