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    <number>7033</number>
    <updateDate>2025-12-05T08:38:39Z</updateDate>
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    <introducedDate>2024-01-18</introducedDate>
    <congress>118</congress>
    <legislationUrl>https://www.congress.gov/bill/118th-congress/house-bill/7033</legislationUrl>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 170, Number 10 (Thursday, January 18, 2024)][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. CALVERT:H.R. 7033.Congress has the power to enact this legislation pursuantto the following:The constitutional authority of Congress to enact thislegislation is provided by Article I, Section 8 of the UnitedStates Constitution, specifically clause 1 and clause 18.The single subject of this legislation is:To amend the Internal Revenue Code of 1986 to apply a 6percent excise tax on large endowments of certain privatecolleges and universities.[Page H241]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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            <date>2024-01-18T15:01:40Z</date>
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        <title>WEST Act of 2023</title>
        <congress>118</congress>
        <number>3465</number>
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        <latestAction>
          <actionDate>2023-12-12</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2024-01-18</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <fullName>Rep. Calvert, Ken [R-CA-41]</fullName>
        <firstName>KEN</firstName>
        <lastName>CALVERT</lastName>
        <party>R</party>
        <state>CA</state>
        <district>41</district>
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      <name>Taxation</name>
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        <name>Taxation</name>
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          <text>&lt;p&gt;&lt;strong&gt;Woke Endowment Security Tax Act of 2024 or the WEST Act of 2024&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill imposes a 6% excise tax on certain private educational institutions with endowments of at least $12.2 billion and institutions with endowments of at least $9 billion that also operate a state contract college.&amp;nbsp; &amp;nbsp;&lt;/p&gt;</text>
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    <title>WEST Act of 2024</title>
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        <title>To amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.</title>
        <updateDate>2024-03-18T22:08:25Z</updateDate>
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        <date>2024-01-18T05:00:00Z</date>
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    <latestAction>
      <actionDate>2024-01-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</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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