The bill H.R. 8913, titled the "Protecting American Students Act," proposes changes to the Internal Revenue Code of 1986. It aims to amend the way private colleges and universities determine if they are subject to an excise tax on their net investment income by excluding...
Simple Explanation
The bill wants to change how certain schools count some of their students when figuring out if they have to pay a special tax, and it also asks these schools to tell more about how they count these students.