Search Results: keywords:"capping indirect costs"

  • S. 4247 — To establish Federal research award reimbursement limits for indirect costs for institutions of higher education, and for other purposes.
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    Status:Introduced in Senate
    Words:1,324

    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.

  • H. R. 8224 — To establish Federal research award reimbursement limits for indirect costs for institutions of higher education, and for other purposes.
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    Status:Introduced in House
    Words:1,363

    The bill H. R. 8224, titled the “No Subsidies for Wealthy Universities Act,” aims to limit how much universities with large endowments can receive for indirect costs when awarded federal research funds. It mandates that if a university's endowment exceeds $5 billion, it...

    Simple Explanation

    The bill wants to make sure that rich colleges don't get too much help from the government to pay for extra expenses when they do special projects. If a college has lots of money saved up, they can only get a little bit of help, and if they have really a lot, they can't get any help at all.