How HR 422 changes current law

No Subsidies for Wealthy Universities Act · United States

How this bill changes current law

1 change

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill establishes limits on indirect costs allowed for Federal research awards to certain institutions of higher education based on their endowment funds.

20 U.S.C. 1094(a)

(30) The institution will annually provide the Commissioner for Education Statistics with the endowment fund information needed by the Commissioner to carry out section 3(a)(1) of the No Subsidies for Wealthy Universities Act.

This addition requires institutions to report their endowment fund information to help implement the new indirect cost limits.

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