Bill · H.R. 4462· House(119-HR-4462)
Protecting Endowments from Our Adversaries Act
- Introduced
- 7/16/2025
- Last activity
- 7/16/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Gregory Murphy
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Protecting Endowments from Our Adversaries Act," aims to amend the Internal Revenue Code of 1986. It proposes a new excise tax on certain investments held by private colleges and universities. Specifically, it targets institutions with assets exceeding $1,000,000,000 that acquire "listed investments." These investments involve entities found on specific lists maintained by the Secretary of Commerce or the FCC. The tax includes a 50 percent tax on the acquisition of these investments and a 100 percent tax on certain net income from investments held for one year.
Yes
Does this give the federal government more power?+5
The bill expands federal authority to tax specific private institutional investment behaviors.
The opposite
Does this make college cost less?-5
The excise tax on large endowments could potentially reduce the available funds for institution operations and financial aid.
Would students be better off under this?-2
The potential reduction in endowment value could negatively impact scholarships and institutional resources available to students.
Who it would affect, and how
Potential Positive Impacts for People
-
Regulation of Specific Investment Types: The bill targets "listed investments" which include interests in persons listed on the Entity List, the Military End User (MEU) List, the Unverified List, or the FCC Covered List (Section 2(c)(1)).
-
Certification for Pooled Funds: The Secretary will establish procedures so that regulated investment companies, exchange traded funds, and other pooled investments can be certified as not holding any listed investments (Section 2(c)(4)(B)).
Potential Negative Impacts for People
-
Tax on Acquisitions: Specified educational institutions will be hit with a tax equal to 50 percent of the fair market value of acquired listed investments (Section 2(a)).
-
Tax on Income and Gains: Institutions may face a tax equal to 100 percent of the excess of income and recognized gains over deductions and losses for "1-year listed investments" (Section 2(b)(1)).
-
Financial Burden on Large Institutions: The tax applies to "specified educational institutions," which are defined as eligible institutions that are not state colleges and have aggregate assets exceeding $1,000,000,000 (Section 2(d)(1)).
-
Impact via Chain of Ownership: The tax applies to investments acquired directly or indirectly through any chain of ownership, which includes interests acquired through regulated investment companies or exchange traded funds (Section 2(a) and Section 2(c)(4)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Education And Technology
- Improves College Affordability-5
- Governance And Ideology
- Increases Federal Power+5
- Demographic And Interest Groups
- Good For Students-2
- 7/16/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.