The bill H.R. 422, titled the "No Subsidies for Wealthy Universities Act," aims to set limits on the amount of money that universities can claim for indirect costs when they receive federal research grants. Specifically, it targets institutions with large endowments, stopping...
Simple Explanation
The bill says that if a university is really rich and has lots of money saved up (over $2 billion), they can't get as much leftover money back from the government when they do research projects. This way, the government gives more leftover money to schools that aren't as rich, trying to be fair.