# 119-hr-4462: Protecting Endowments from Our Adversaries Act

119-hr-4462, Protecting Endowments from Our Adversaries Act, is a 119th Congress bill sponsored by Rep. Murphy, Gregory F. [R-NC-3] (R-NC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4462
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4462
- Congress: 119
- Title: Protecting Endowments from Our Adversaries Act
- Status: introduced
- Introduced: 2025-07-16
- Sponsor: Rep. Murphy, Gregory F. [R-NC-3] (R-NC)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates excise taxes on certain foreign-linked investments held by very large private colleges and universities.** The bill would impose two linked taxes on "listed investments": a 50 percent tax on the fair market value at acquisition and a 100 percent tax on net income from listed investments held for one year.

## Provisions PRIA read

- Phase-in rules for college investment taxes: benefit, low. If enacted, the rules would start for taxable years ending after the earlier of two dates: the end of the first calendar year after enactment, or one year after Treasury creates the listed persons list. The 50% acquisition tax would not apply to investments bought before that calendar year ends. Th…
- Big taxes on colleges' restricted investments: cost, high. If enacted, certain large private colleges that buy investments tied to companies on federal restricted lists would owe new excise taxes. One tax would be 50% of the purchase value; for debt, it uses the principal amount. A second tax would be 100% of net income and gains from listed investments he…
- Which colleges and investments would face taxes: cost, low. If enacted, only private colleges with over $1 billion in assets not used directly for their mission would be covered. Public state or federal schools would be excluded. Related foundations’ assets would usually count, but assets not available to the school would be excluded unless the school contr…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-6583: VA Research Reform Act of 2025

## Sources
- [119-hr-4462 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4462)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-4317: PBM Reform Act of 2025](https://policyrisk.com/legislation/119-hr-4317)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-6583: VA Research Reform Act of 2025](https://policyrisk.com/legislation/119-hr-6583)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4462 (as of 2026-04-21).