Bill > S5234

This bill, the Protecting Endowments from Our Adversaries Act, aims to impose an excise tax on certain investments made by private colleges and universities. Specifically, the bill establishes a 50% tax on the fair market value of any "listed investments" acquired by these institutions, and a 100% tax on the net income from any "1-year listed investments" (investments that were on the list for the entire previous year). "Listed investments" are defined as interests, such as stocks, debt, or contracts, in entities that appear on certain U.S. government lists, such as the Entity List or the FCC Covered List. The bill applies to private colleges and universities with endowments over $1 billion, and it aims to discourage these institutions from investing in entities deemed by the U.S. government to pose national security or other concerns.