Protecting Endowments from Our Adversaries Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2045 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2045 To amend the Internal Revenue Code of 1986 to impose an excise tax on certain investments of private colleges and universities. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 12, 2025 Mr. Ricketts (for himself, Mr. Cotton, and Mrs. Fischer) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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 chapter 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new s…