CONGRESS FOR VOTERS

RepublicanBill · H.R. 1905· House(119-HR-1905)

Protecting American Students Act

Rep. Buchanan
Age: 75 years
Florida
Introduced
3/6/2025
Last activity
3/6/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Vern Buchanan
Cosponsors
Republican - 8Democrat - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Protecting American Students Act," aims to amend the Internal Revenue Code of 1986. It seeks to change how certain private colleges and universities are calculated for the purpose of the excise tax on net investment income. Specifically, it would exclude certain students from that calculation based on eligibility requirements under the Higher Education Act of 1965. The bill also adds a requirement for educational institutions to report specific student numbers on their returns. These changes would take effect for taxable years beginning after December 31, 2025.

Yes

  • Does this make college cost less?+3

    By excluding certain students from endowment calculations, it may reduce the excise tax burden on private universities, potentially aiding affordability.

  • Would students be better off under this?+2

    The bill may help students by potentially reducing the tax burden on their educational institutions.

  • Does this make what the government does easier for the public to see?+1

    The bill introduces new reporting requirements for educational institutions regarding student counts used for tax calculations.

The opposite

  • Does this raise the taxes companies pay?-2

    The bill potentially reduces the tax burden on private educational institutions by excluding certain students from excise tax calculations.