# 119-hr-1006: Higher Education Accountability Tax Act

119-hr-1006, Higher Education Accountability Tax Act, is a 119th Congress bill sponsored by Rep. Joyce, David P. [R-OH-14] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-05-08).

- Canonical: https://policyrisk.com/legislation/119-hr-1006
- As of: 2026-05-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1006
- Congress: 119
- Title: Higher Education Accountability Tax Act
- Status: introduced
- Introduced: 2025-02-05
- Sponsor: Rep. Joyce, David P. [R-OH-14] (R-OH)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-05-08

## Summary

**Raises the excise tax on private colleges' investment income and targets schools that raise net price faster than inflation.** This bill would push taxable endowment income rates much higher and broaden which institutions owe the tax. - Colleges and universities with investment income would face a much higher base tax rate, rising from 1.4% to 10% on investment income. This directly increases the cost of holding large endowments for many private institutions. - Institutions whose net price for students grows faster than inflation would pay an even higher excise tax rate of 20% on investment income. "Net-price-increase institutions" are defined by comparing a three-taxable-year change in net price to the Consumer Price Index. - More institutions would be taxed because the current threshold for taxable investment income is lowered from $500,000 to $250,000. The bill also changes how net price is calculated to include all first-time, full-time undergraduates, not just those receiving aid. - The rule would apply to taxable years beginning after December 31, 2024.

## Cosponsors (1)

- Rep. Malliotakis, Nicole [R-NY-11] (R-NY), 2025-02-05T00:00:00.000Z

## Provisions PRIA read

- Higher taxes on private college endowments: cost, medium. If enacted, this bill would raise the excise tax on private colleges' net investment income from 1.4% to 10%. Colleges whose net price rose faster than inflation over the prior three taxable years would face a 20% rate. Net price would be measured under the Higher Education Act method and would inc…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-2570: Maximum Pressure Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-9211: Jewish American Security Act
- 119-hr-5166: Financial Services and General Government Appropriations Act, 2026

## Sources
- [119-hr-1006 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1006)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-9211: Jewish American Security Act](https://policyrisk.com/legislation/119-hr-9211)
- [119-hr-5166: Financial Services and General Government Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-5166)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1006 (as of 2026-05-08).