Search Results: keywords:"universities"

  • H. R. 7033 — To amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.
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    Status:Introduced in House
    Words:564

    H.R. 7033, known as the "Woke Endowment Security Tax Act of 2024" or the "WEST Act of 2024," proposes a change to the Internal Revenue Code that would apply a 6 percent excise tax on the large endowments of certain private colleges and universities. This tax would be...

    Simple Explanation

    H.R. 7033 is like a special rule to make really big and rich private schools pay a little extra money, called a tax, if they have a lot of money saved up like over $12 billion, but only if they don't use that money for their main school activities.

  • S. 5234 — To amend the Internal Revenue Code of 1986 to impose an excise tax on certain investments of private colleges and universities.
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    Status:Introduced in Senate
    Words:1,538

    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.

  • H. R. 420 — To impose limitations on the amount of indirect costs allowable under Federal research awards to institutions of higher education, and for other purposes.
    Status:Introduced in House
    Words:754

    H.R. 420, also known as the "Federal Grant Accountability Act," aims to limit the indirect costs that colleges and universities can charge under federal research awards. It proposes that these costs should not exceed the average indirect cost rate applied to private research...

    Simple Explanation

    H.R. 420 is a rule to help make sure colleges don't charge too much extra money when doing research paid for by the government. It wants the extra costs to be about the same as when other people pay for research, so everything's fair and accountable.

  • S. RES. 887 — Expressing support for the designation of October 7 through October 12, 2024, as National 4–H Week.
    Status:Agreed to Senate
    Words:394
    • S. RES. 887 is a resolution expressing support for designating October 7 through October 12, 2024, as “National 4–H Week.”
    • The resolution highlights 4-H as the largest youth development organization in the U.S., engaging nearly 6 million young people with...
    Simple Explanation

    In this resolution, they want to make October 7 to October 12, 2024, a special week called "National 4-H Week," to celebrate a group called 4-H that helps millions of kids learn and become great leaders. 4-H is like a big family of teachers and students who work together to learn new things and do fun projects!

  • H. R. 1006 — To amend the Internal Revenue Code of 1986 to modify the excise tax on investment income of private colleges and universities.
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    Status:Introduced in House
    Words:511

    H. R. 1006 proposes changes to the Internal Revenue Code to modify taxes on the investment income of private colleges and universities. It suggests increasing the current tax rate from 1.4% to 10%, and further to 20% for institutions that raise their net prices faster than...

    Simple Explanation

    H. R. 1006 is a law idea that wants to make private colleges and universities pay more money from the money they earn from things like savings and investments, raising the tax from a small bit to a much bigger bit if they charge students more money too quickly. Also, smaller schools might have to start paying this tax too.

  • H. R. 9331 — To amend the Internal Revenue Code of 1986 to modify the excise tax on investment income of private colleges and universities.
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    Status:Introduced in House
    Words:511

    H.R. 9331, known as the “Higher Education Accountability Tax Act,” aims to amend the Internal Revenue Code of 1986 to change the excise tax on investment income for private colleges and universities. The bill proposes increasing the tax rate from 1.4% to 10% and sets an even...

    Simple Explanation

    The bill wants private colleges and universities to pay more money from the income they earn by investing, with higher taxes if they raise their student costs too much. It also means more schools would have to pay this tax if they have a certain amount of money saved for each student.