Bill > HR8447

This bill, the Protecting Endowments from Our Adversaries Act, proposes to impose a 50% excise tax on private colleges and universities with assets over $1 billion when they acquire certain "listed investments" tied to persons or entities on various government watchlists. Additionally, the bill imposes a 100% tax on the net income from any "1-year listed investments" held by these institutions. The bill defines "listed investments" broadly to include stock, debt, and other interests in the listed persons/entities, as well as investments in pooled funds containing such interests. The bill aims to discourage these colleges and universities from investing in entities or individuals deemed a national security threat.