# 119-hr-446: Endowment Tax Fairness Act

119-hr-446, Endowment Tax Fairness Act, is a 119th Congress bill sponsored by Rep. Nehls, Troy E. [R-TX-22] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-446
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-446
- Congress: 119
- Title: Endowment Tax Fairness Act
- Status: introduced
- Introduced: 2025-01-15
- Sponsor: Rep. Nehls, Troy E. [R-TX-22] (R-TX)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Raises the excise tax on large private college and university endowments.** This bill would hike the tax on eligible endowment net investment income from 1.4% to 21% and direct the added receipts into the Treasury general fund to first reduce the federal deficit and then the national debt. - Private colleges and universities that meet the bill's thresholds would face a much higher excise on endowment investment income. The rule applies to institutions with at least 500 tuition-paying students and endowments of at least $500,000 per student. - Federal finances would get new dedicated revenue. Collections from the higher excise are to be deposited into the general fund and used to reduce the national deficit and then the national debt. - Tax administration would follow existing Internal Revenue Code rules. The higher rate would apply to taxable years beginning after enactment and does not create new tax authorities. *Would increase federal revenue and direct it to reduce the federal deficit and then the national debt.*

## Cosponsors (3)

- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2025-01-15T00:00:00.000Z
- Rep. Gill, Brandon [R-TX-26] (R-TX), 2025-03-03T00:00:00.000Z
- Rep. Jackson, Ronny [R-TX-13] (R-TX), 2025-03-18T00:00:00.000Z

## Provisions PRIA read

- Endowment tax revenue to cut deficit: benefit, low. If enacted, money from the higher endowment tax would go to the Treasury’s general fund. The government would use it first to reduce the deficit, then to reduce the national debt. The revenue would come from taxable years beginning after enactment.
- Higher tax on college endowments: cost, high. If enacted, private colleges and universities would pay a 21% excise tax on their net investment income. That is up from 1.4%. It would apply to taxable years that begin after the date of enactment. This could raise federal revenue and could lead schools to change tuition, financial aid, or hiring.

## Related bills

- 119-hr-1181: Protecting Privacy in Purchases Act
- 119-hr-987: Fair Access to Banking Act
- 119-hr-925: Dismantle DEI Act of 2025
- 119-hr-404: Hearing Protection Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-425: Repealing Big Brother Overreach Act

## Sources
- [119-hr-446 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/446)

## Related
- [119-hr-1181: Protecting Privacy in Purchases Act](https://policyrisk.com/legislation/119-hr-1181)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [119-hr-925: Dismantle DEI Act of 2025](https://policyrisk.com/legislation/119-hr-925)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-446 (as of 2026-09-21).