PRIA Logo™
117-hr-8447117th Congress

Protecting Endowments from Our Adversaries Act

Sponsored By: Representative Murphy, Gregory F. [R-NC-3]

Unknown

Summary

Protecting Endowments from Our Adversaries Act This bill imposes an excise tax equal to 50% of the fair market values of certain investments made by private colleges and universities with assets or endowments exceeding $1 billion. It also taxes 100% of the net income of such investments held during a one-year period. These investments are in certain foreign persons or entities (e.g., Chinese or Russian companies) that are included on lists maintained by the Department of Commerce and the Federal Communications Commission that identify persons or entities engaged in human rights abuses or that pose a threat to U.S. national security.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Murphy, Gregory F. [R-NC-3]

NC • R

Cosponsors

  • Rep. Wenstrup, Brad R. [R-OH-2]

    OH • R

    Sponsored 7/20/2022

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 7/20/2022

  • Rep. Smucker, Lloyd [R-PA-11]

    PA • R

    Sponsored 7/20/2022

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 7/20/2022

  • Rep. Dunn, Neal P. [R-FL-2]

    FL • R

    Sponsored 7/20/2022

  • Rep. Hudson, Richard [R-NC-9]

    NC • R

    Sponsored 8/9/2022

  • Rep. Ferguson, A. Drew, IV [R-GA-3]

    GA • R

    Sponsored 8/9/2022

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 8/9/2022

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 9/20/2022

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation