119th Congress · introduced in the House · Feb 5, 2025
Higher Education Accountability Tax Act
Official title from Congress.gov
Latest action (Feb 5, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Feb 5, 2025)
Higher Education Accountability Tax Act
This bill increases the excise tax on the net investment income of certain private university and college endowments and expands the number of universities and colleges that are subject to the excise tax.
Under current law, certain private universities and colleges with 500 or more tuition-paying students (of which more than 50% are located in the United States) and endowment assets of at least $500,000 per student (per student threshold) pay an excise tax in the amount of 1.4% on the net investment income from such endowments. Endowment assets that are used directly in carrying out the institution's tax-exempt educational purpose are excluded from the tax.
The bill increases the amount of the excise tax to (1) 10% of the net investment income from a university and college endowment, or (2) 20% of the net investment income from a university and college endowment maintained by an institution that increases tuition over a three-year period (preceding the current tax year) at a rate that is higher than the inflation rate.
Under the bill, the tuition price for purposes of determining whether the 20% excise tax rate applies is the average yearly price charged to all first-time, full-time undergraduate students (including students who receive financial aid).
Further, the bill expands the number of universities and colleges subject to the excise tax by lowering the per student threshold to $250,000.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
15 citations.
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 22, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…o an IRA. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$220,000
Spent on own lobbying
…increase the tax on university endowments. (No bill number) Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936. Met with legislative staff to discuss the effect of Treasury proposal to revoke non-profit status of private universities that engage…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 27, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$360,000
Spent on own lobbying
…increase the tax on university endowments. (No bill number) Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 22, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$180,000
Spent on own lobbying
…increase the tax on university endowments. (No bill number) Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 21, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$180,000
Spent on own lobbying
…increase the tax on university endowments. (No bill number) Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$240,000
Spent on own lobbying
…udget reconciliation or other legislation (HR 1, PL 119-21). Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936. Thanked Representatives and Senators for supporting legislation to expand Section 127 tax credits for Employer-Provided educational a…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 22, 2025 · issue area: Taxation/Internal Revenue Code
$50,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$444,000
Spent on own lobbying
…udget reconciliation or other legislation (HR 1, PL 119-21). Discouraged co-sponsorship of legislation to increase the endowment tax, including HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936. Encouraged Representatives and Senators to support legislation to expand Section 127 tax credits for Employer-Provided educational as…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION · lobbying firm or registrant: COUNCIL FOR ADVANCEMENT AND SUPPORT OF EDUCATION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$30,000
Spent on own lobbying
…couples. Lobbying against legislation that would impose and/or expand a net investment income or endowment tax on colleges and universities, such as H.R. 446, H.R. 1006, and H.R. 1128.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CORNELL UNIVERSITY · lobbying firm or registrant: CORNELL UNIVERSITY
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$230,000
Spent on own lobbying
…unded by university endowment investments as part of budget reconciliation or other legislation (no bill number). Discouraged co-sponsorship of HR 466, HR 716, HR 1006, HR 1023, HR 1128, S 936. Encouraged Representatives and Senators to support legislation to expand Section 127 tax credits for Employer-Provided educational as…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
STANFORD UNIVERSITY · lobbying firm or registrant: STANFORD UNIVERSITY
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 16, 2025 · issue area: Taxation/Internal Revenue Code
$150,000
Spent on own lobbying
Tax Cut & Jobs Act of 2017 Endowment Provisions H.R. 1128 - Endowment Accountability Act H.R. 446 - Endowment Tax Fairness Act H.R. 1006 - Higher Education Accountability Tax Act Charitable Sector Issues
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing