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S 3589 116th Congress Senate Education Cardiovascular and respiratory health Education programs funding Emergency medical services and trauma care Higher education Infectious and parasitic diseases Student aid and college costs

Use Your Endowment Act

Introduced: May 4, 2020 Introduced by: Hawley, Josh Republican · Missouri See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 4, 2020
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 4, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Use Your Endowment Act

This bill deems certain institutions of higher education (IHEs) ineligible to receive certain emergency relief funds to address the coronavirus (i.e., the virus that causes COVID-19).

Specifically, an IHE with an endowment greater than $10 billion in 2019 is generally ineligible to receive such funds and must return any funds it received to the Department of Education (ED). However, such an IHE may receive and keep these funds if it provides documentation to ED that it expended 1,000% of the amount of the funds on emergency relief (e.g., financial-aid grants to students).

What's happening now May 4, 2020

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 2
R
Ernst, Joni
Iowa · May 14, 2020
 R
Blackburn, Marsha
Tennessee · May 4, 2020
McSally, Martha
· May 4, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3589: Use Your Endowment Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3589/
MLA
"S. 3589: Use Your Endowment Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3589/.
Bluebook (legal)
S. 3589, 116th Cong. (2026), https://openamerica.io/bill/116-S-3589/.
Markdown link
[S. 3589: Use Your Endowment Act](https://openamerica.io/bill/116-S-3589/)
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