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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 114 (Friday, June 30, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. CLEAVER:H.R. 4405.Congress has the power to enact this legislation pursuantto the following:Article 1, section 8The single subject of this legislation is:To amend the Higher Education Act of 1965 to require annualreporting on assets of institutions of higher education.[Page H3160]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>Endowment Transparency Act</title>
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          <actionDate>2023-06-22</actionDate>
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        <text>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.</text>
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        <text>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.</text>
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        <fullName>Rep. Cleaver, Emanuel [D-MO-5]</fullName>
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        <fullName>Rep. Jackson, Jonathan L. [D-IL-1]</fullName>
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        <lastName>Jackson</lastName>
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        <state>IL</state>
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      <name>Education</name>
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          <text>&lt;p&gt;&lt;b&gt;Endowment Transparency Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill requires certain actions regarding institutions of higher education (IHEs) and the management of their assets.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;</text>
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    <title>Endowment Transparency Act</title>
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        <title>To amend the Higher Education Act of 1965 to require annual reporting on assets of institutions of higher education.</title>
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      <actionDate>2023-06-30</actionDate>
      <text>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.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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