To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on investment income of private colleges and universities.
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
This bill, To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on investment income of private colleges and universities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Education.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H8878B09CD2CC42B39E7E002096D2A5A7: 1. Short title This Act may be cited as the Endowment Tax Fairness Act.
- Section H3A9AD03320F74659B9EEB705F174BBB1: 2. Excise tax based on investment income of private colleges and universities Section 4968(a) of the Internal Revenue Code of 1986 is amended by striking 1.4...
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
This bill, To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on investment income of private colleges and universities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Education
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on investment income of private colleges and universities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Nehls (for himself and Ms. Boebert) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
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