119th Congress · introduced in the House · Jan 15, 2025
No Subsidies for Wealthy Universities Act
Official title from Congress.gov
Latest action (Jan 15, 2025): Referred to the Committee on Science, Space, and Technology, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
View on Congress.govPolicy area: Education
Congressional Research Service summary, version: Introduced in House (Jan 15, 2025)
No Subsidies for Wealthy Universities Act
This bill limits the indirect costs that are allowable under federal research awards to institutions of higher education (IHEs) with endowments above specified thresholds. (Generally, indirect costs represent expenses that are not specific to a research project but are needed to maintain the infrastructure and administrative support for federally funded research.)
Specifically, the National Center for Education Statistics (NCES) must annually collect information regarding the endowments of each IHE that has entered into a program participation agreement with the Department of Education.
With this collected information, NCES must identify and make lists of (1) each IHE with an endowment of more than $5 billion, and (2) each IHE with an endowment of more than $2 billion (but not more than $5 billion). NCES must submit these lists to the Office of Management and Budget, which must then distribute the lists to federal agencies, Congress, and the public.
The bill establishes the following limits on the indirect costs allowable under federal research awards:
• for an IHE with an endowment of more than $5 billion, the IHE is prohibited from using these awards for indirect costs;
• for an IHE with an endowment of more than $2 billion (but not more than $5 billion), the IHE is limited to an indirect cost rate of 8%; and
• for all other IHEs, an indirect cost rate of 15%.
The Government Accountability Office must annually report to Congress on indirect cost reimbursement on federal research awards for IHEs.
Show less of the summaryIncludes 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 Committee on Science, Space, and Technology, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Science, Space, and Technology, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
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1 citation.
HERITAGE ACTION FOR AMERICA · lobbying firm or registrant: HERITAGE ACTION FOR AMERICA
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 22, 2025 · issue area: Education
$100,000
Spent on own lobbying
…ct," all provisions. HR 649 "Whole Milk for Healthy Kids Act of 2025," all provisions. HR 838 "A PLUS Act," all provisions. HR1835 "MERIT Act," all provisions. HR422 "No Subsidies for Wealthy Universities Act," all provisions. S 152 "Student Empowerment Act," all provisions. S 309 "A PLUS Act," all provisions. S 487 "Achiev…
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