WEST Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 936 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 936 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 11 (legislative day, March 10), 2025 Mr. Cotton 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 apply a 6 percent excise tax on large endowments of certain private colleges and universities, 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 ``Woke Endowment Security Tax Act of 2025'' or the ``WEST Act of 2025''. SEC. 2. EXCISE TAX ON CERTAIN LARGE PRIVATE COLLEGE AND UNIVERSITY ENDOWMENTS. (a) In General.--Subchapter H of chapter 42 of the Intern…