118th Congress · HOUSE BILLBILL

H.R. 8224No Subsidies for Wealthy Universities Act

To establish Federal research award reimbursement limits for indirect costs for institutions of higher education, and for other purposes.

Education
Introduced May 2, 2024
Last action May 2, 2024
Pipeline · Bill → Law
Step 1
Introduced
May 2, 2024
Step 2
Referred
May 2, 2024
Education and Workforce · Science
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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...

Provisions · 5 sectionsIntroduced in House
Timeline · 3 actions
May 2, 2024
Introduced in House
May 2, 2024
Referred to the Committee on Science, Space, and Technology, 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.
May 2, 2024
Referred to the Committee on Science, Space, and Technology, 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.