[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6620 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6620

To prohibit Federal funds from being provided to institutions of higher 
 education with endowment funds equaling or exceeding $5,000,000,000, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 6, 2023

  Mr. Crane introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To prohibit Federal funds from being provided to institutions of higher 
 education with endowment funds equaling or exceeding $5,000,000,000, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Taxpayer Funding for Ivy League 
Schools Act''.

SEC. 2. PROHIBITION OF FEDERAL FUNDS PROVIDED TO CERTAIN INSTITUTIONS 
              OF HIGHER EDUCATION.

    (a) In General.--Not later than 60 days after the date of enactment 
of this Act, notwithstanding any other provision of law, no Federal 
funds may be provided to an institution of higher education that has an 
endowment fund equaling or exceeding $5,000,000,000 on the date of 
enactment of this Act.
    (b) Exception.--Notwithstanding subsection (a), an institution 
described in subsection (a) may receive Federal funds for projects or 
research that relate to a critical national function.
    (c) Definitions.--In this section:
            (1) Endowment fund.--
                    (A) In general.--The term ``endowment fund'' has 
                the meaning given such term in section 331 of the 
                Higher Education Act of 1965 (20 U.S.C. 1065).
                    (B) Aggregation of funds.--All endowment funds at 
                an institution of higher education shall be treated as 
                one endowment fund for the purposes of this section.
            (2) Institution of higher education.--The term 
        ``institution of higher education'' has the meaning given such 
        term in section 101 of the Higher Education Act of 1965 (20 
        U.S.C. 1001).
            (3) National critical function.--The term ``national 
        critical function'' means a function of Government so vital to 
        the United States that its disruption would endanger national 
        security or operational control (as such term is defined in the 
        Secure Fence Act of 2006 (8 U.S.C. 1701 note)) of the southern 
        border, or any combination thereof.
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