S 2187
118th Congress
Senate
Education
Endowment Transparency Act
Introduced: June 22, 2023
Introduced by:
Booker, Cory A.
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jun 22, 2023
Introduced in Senate
Plain-English summary
Endowment Transparency Act
This bill requires certain actions regarding institutions of higher education (IHEs) and the management of their assets.
Specifically, the bill requires the Department of Education to annually update the College Navigator website with information on the assets of IHEs, including information about investments with minority- or women-owned firms.
The bill also requires the Minority Business Development Agency to (1) report on recommended changes for substantially increasing the use of minority- or women-owned firms in the investment and bond transactions of IHEs, and (2) convene a conference every two years.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1