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.