118th Congress · HOUSE BILLBILL

H.R. 4405Endowment Transparency Act

To amend the Higher Education Act of 1965 to require annual reporting on assets of institutions of higher education.

Education
Introduced Jun 30, 2023
Last action Jun 30, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jun 30, 2023
Step 2
Referred
Jun 30, 2023
Financial Services · Education and Workforce
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in House
Timeline · 3 actions
Jun 30, 2023
Introduced in House
Jun 30, 2023
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the 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.
Jun 30, 2023
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the 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.