S. 5234 aims to amend the Internal Revenue Code of 1986 by imposing an excise tax on certain investments made by private colleges and universities. The bill targets investments linked to entities listed on specific government-maintained lists, such as the Entity List and the...
Simple Explanation
S. 5234 is a new rule that wants to make some big schools pay extra money if they put their savings into companies the government doesn’t trust. They would have to pay a big fee when they buy these investments and give all the money they make from them to the government.