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H.R. 1128 119th Congress House

Endowment Accountability Act

Official title: To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax based on investment income of private colleges and universities and to broade… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax based on investment income of private colleges and universities and to broaden the definition of applicable educational institution by lowering the threshold with respect to aggregate fair market value per student, and for other purposes.

Introduced: February 7, 2025 Introduced by: Michael Lawler Republican · New York See on congress.gov
Taxation
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2025
Referred to the House Committee on Ways and Means.
Feb 7, 2025
Introduced in House
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What's happening now February 7, 2025

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Endowment Accountability Act

This bill increases the excise tax on the net investment income of certain private university and college endowments. The bill also expands the number of endowments subject to the excise tax by lowering the endowment asset amount per-student threshold.  

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 endowments that are 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.

The bill increases the amount of the excise tax to 10% of the net investment income from such university and college endowments and lowers the per-student threshold to $200,000.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 23

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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APA
U.S. Congress. (2026). H.R. 1128: Endowment Accountability Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1128/
MLA
"H.R. 1128: Endowment Accountability Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1128/.
Bluebook (legal)
H.R. 1128, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1128/.
Markdown link
[H.R. 1128: Endowment Accountability Act](https://openamerica.io/bill/119-HR-1128/)
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