3.0.0 5152 2022-12-31T09:00:21Z 2022-12-31T09:00:21Z House HR 2021-09-03 117 [Congressional Record Volume 167, Number 153 (Friday, September 3, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRENDAN F. BOYLE of Pennsylvania:H.R. 5152.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution under theGeneral Welfare Clause.[Page H4506]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-09-03T16:00:15Z 2021-09-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-09-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-09-03 Introduced in House IntroReferral 1000 9 Library of Congress B001296 Rep. Boyle, Brendan F. [D-PA-2] Brendan Boyle D PA F. 2 N Taxation Taxation 00 2021-09-03 Introduced in House 2021-09-30T15:04:17Z Higher Education Endowment Tax Reform Act

This bill provides for a phaseout of the excise tax on the investment income of private colleges and university if such institutions provide a specified amount of qualified aid awards to their first-time, full-time undergraduate students. To qualify for the tax reduction, such educational institutions must report on loans and other assistance provided to their students.

]]> Higher Education Endowment Tax Reform Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for a phaseout of the investment income excise tax for certain private colleges and universities, and for other purposes. Introduced in House IH Display Title Higher Education Endowment Tax Reform Act Short Title(s) as Introduced Higher Education Endowment Tax Reform Act Introduced in House IH Introduced in House 2021-09-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr5152ih/xml/BILLS-117hr5152ih.xml 2021-09-03 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.