HR 4405 · 118th Congress · Education

Endowment Transparency Act

Introduced 2023-06-30· Sponsored by Rep. Cleaver, Emanuel [D-MO-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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.(2023-06-30)

Plain Language Summary

[AI summary unavailable — showing source text] Endowment Transparency Act This bill requires certain actions regarding institutions of higher education (IHEs) and the management of their assets. 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. 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Jackson, Jonathan L. [D-IL-1]IL