To amend the Higher Education Act of 1965 to require disclosure of certain foreign investments within endowments, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill amends the Higher Education Act to add section 117A requiring private universities with large endowments to disclose investments in foreign adversaries, including detailed reporting requirements, enforcement mechanisms and requires large private universities with over $6 billion in endowment assets or $250 million in investments of concern to file annual disclosure reports detailing their investments in foreign countries and entities. It relies on reporting requirements and compliance mandates. The main policy areas are Education and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
Large private universities with endowments over $6 billion would take on compliance duties, University endowment fund managers would take on compliance duties, and Mutual fund and ETF managers holding foreign investments of concern would take on compliance duties.
Key Provisions
- Amends the Higher Education Act to add section 117A requiring private universities with large endowments to disclose investments in foreign adversaries, including detailed reporting requirements, enforcement mechanisms...
- Requires large private universities with over $6 billion in endowment assets or $250 million in investments of concern to file annual disclosure reports detailing their investments in foreign countries and entities...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill amends the Higher Education Act to add section 117A requiring private universities with large endowments to disclose investments in foreign adversaries, including detailed reporting requirements, enforcement mechanisms and requires large private universities with over $6 billion in endowment assets or $250 million in investments of concern to file annual disclosure reports detailing their investments in foreign countries and entities.
Key Policy Areas
Education, Finance
Primary Purpose
The bill amends the Higher Education Act to add section 117A requiring private universities with large endowments to disclose investments in foreign adversaries, including detailed reporting requirements, enforcement mechanisms and requires large private universities with over $6 billion in endowment assets or $250 million in investments of concern to file annual disclosure reports detailing their investments in foreign countries and entities.
Policy Domains
Whole Bill
Identified Costs
- Large private universities with endowments over $6 billion
- University endowment fund managers
- Mutual fund and ETF managers holding foreign investments of concern
- Department of Education
Sponsors
Burgess Owens
R-UT | Primary Sponsor
Legislative Progress
IntroducedMr. Owens (for himself and Mr. Harris of North Carolina) …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Large private universities with endowments over $6 billion
Mutual fund and ETF managers holding foreign investments of concern, University endowment fund managers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Education
Key Definitions
Terms defined in this bill
Any covered nation under 10 USC 4872 or any country the Secretary determines is detrimental to U.S. national security or foreign policy.
Has the meaning given in the CHIPS and Science Act (42 USC 19221(a)) and includes entities on the DOD military-affiliated list.
Any stock, debt, or derivative with respect to a foreign country or entity of concern.
A private institution with assets over $6 billion or investments of concern over $250 million.
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology