Bill · S. 4907· Senate(119-S-4907)
TRADES Act
- Introduced
- 6/24/2026
- Last activity
- 6/24/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Ashley Moody
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill is known as the Technical Reinvestment and Apprenticeship Development through Endowment Sharing Act or the TRADES Act. It was introduced in the Senate on June 24, 2026. The bill amends the Internal Revenue Code of 1986. Specifically, it increases the excise tax on the investment income of certain private colleges and universities. It also directs that the extra money raised from this tax increase be used to fund career and technical education programs.
Yes· 3 of 25
Would students be better off under this?+6
Students enrolled in career and technical education programs benefit directly from increased state funding and resources.
Does this put more money into public schools?+6
The bill significantly increases funding for career and technical education programs under the Carl D. Perkins Act.
Would people in their twenties and thirties be better off under this?+5
Young adults looking to enter the workforce through vocational and technical training directly benefit from the increased program funding.
The opposite
Would people with substantial wealth be better off under this?-2
Wealthy donors and private universities with large endowments face a higher tax burden.
Would the very wealthiest people be better off under this?-2
Higher taxes on university endowments affect wealthy institutions and significant donors associated with them.
Would billionaires be better off under this?-2
Increases the tax burden on private institutions with large endowments typically supported by ultra-wealthy individuals.
Who it would affect, and how
Potential Positive Impacts for People
- Increased Funding for Career and Technical Education: Under Section 2(b), the bill provides that an amount equal to the increased revenue from the tax hike on private colleges and universities will be transferred annually to support State assistance programs under the Carl D. Perkins Career and Technical Education Act of 2006. This is positive because it brings in additional funding to support career and technical education for Americans.
Potential Negative Impacts for People
- Higher Tax Burden on Private Colleges and Universities: Under Section 2(a), the bill increases the excise tax rate on the investment income of private colleges and universities from 8 percent to 15 percent. This could be considered a negative or a burden because it substantially raises the taxes collected from these specific educational institutions.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+6Good For Young Adults+5Good For Low Income Households+4Good For Business Owners+3Good For Middle Class Households+3Good For Union Workers+3Good For Children+2Good For Middle Aged+2Good For Rural Residents+2Good For Veterans+2Good For African Americans+1Good For Farmers+1Good For Hispanic Americans+1Good For Immigrants+1Good For Men+1Good For Native Americans+1Good For People With Disabilities+1Good For Urban Residents+1Good For Women+1Good For Billionaires-2Good For High Net Worth Individuals-2Good For Ultra High Net Worth Individuals-2
- Education And Technology
- Increases Public School Funding+6
- Economy And Finance
- Increases Job Creation+3Improves Economic Growth+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- Environment Energy And Infrastructure
- Improves Rural Development+1
- Governance And Ideology
- Increases Federal Power+1
- 6/24/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate