Protecting Endowments from Our Adversaries Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 4380 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 4380 To amend the Internal Revenue Code of 1986 to impose an excise tax on certain investments of private colleges and universities. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 27, 2023 Mr. Murphy (for himself, Mr. Smith of Nebraska, Ms. Stefanik, Mr. Dunn of Florida, Mr. Smucker, Mr. C. Scott Franklin of Florida, Mr. Burchett, and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose an excise tax on certain investments of private colleges and universities. 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 ``Protecting Endowments from Our Adversaries Act''. SEC. 2. EXCISE TAX ON CERTAIN INVESTMENTS OF PRIVATE COLLEGES AND UNIVERSITIES. (a) In General.--Subchapter H of c…