# 119-hr-713: Preventing Financial Exploitation in Higher Education Act

119-hr-713, Preventing Financial Exploitation in Higher Education Act, is a 119th Congress bill sponsored by Rep. Van Duyne, Beth [R-TX-24] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-713
- 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-713
- Congress: 119
- Title: Preventing Financial Exploitation in Higher Education Act
- Status: introduced
- Introduced: 2025-01-23
- Sponsor: Rep. Van Duyne, Beth [R-TX-24] (R-TX)
- Cosponsors: 0
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Holds wealthy colleges financially accountable for poor student loan outcomes.** This bill would make colleges with very large endowments pay penalties tied to cohort default, delinquency, and underpayment rates and would raise the net investment income tax for institutions that increase tuition above an inflation-adjusted base.

## Provisions PRIA read

- Higher tax on large schools' investments: cost, high. If enacted, for tax years starting after December 31, 2025, certain large colleges would pay 25% tax on net investment income instead of the current 1.4% tax. A college would be hit if its non-exempt assets equal or exceed $2.5 billion and its average tuition for full-time students that year is abo…
- Penalties for large colleges' student loans: cost, medium. If enacted, covered colleges would pay yearly penalties when their student loan cohort rates pass set thresholds. A "covered" college is one that benefits from an endowment worth $2.5 billion or more. Penalties start in fiscal year 2025 and are a percent of the outstanding federal loan balance in t…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-2570: Maximum Pressure Act
- 119-hr-1163: Prove It Act
- 119-hr-548: HSA Modernization Act
- 119-hr-8883: Protecting Seniors and Stopping Fraudsters Act
- 119-hr-8596: FAIR Labels Act of 2026

## Sources
- [119-hr-713 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/713)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-1163: Prove It Act](https://policyrisk.com/legislation/119-hr-1163)
- [119-hr-548: HSA Modernization Act](https://policyrisk.com/legislation/119-hr-548)
- [119-hr-8883: Protecting Seniors and Stopping Fraudsters Act](https://policyrisk.com/legislation/119-hr-8883)
- [119-hr-8596: FAIR Labels Act of 2026](https://policyrisk.com/legislation/119-hr-8596)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-713 (as of 2026-04-21).