[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-1128":4},null,{"bill":5,"indexable":263,"summaries":264,"cosponsors":270,"cosponsorSlugs":271,"actions":272,"amendments":291,"amendmentSponsorSlugs":292,"linkages":293,"sponsorSlug":294},{"statusDate":6,"sponsor":7,"updateDate":15,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":23,"actionCount":24,"popularTitle":3,"laws":3,"billType":25,"subjects":26,"introducedDate":6,"committees":27,"congressGovUrl":28,"constitutionalAuthority":29,"policyArea":30,"deletedAt":3,"latestAction":31,"billNumber":33,"cosponsorCountIncludingWithdrawn":23,"status":34,"shortTitle":20,"officialTitle":35,"keyMilestoneCount":36,"updatedAt":37,"policyAreaLower":38,"searchTokens":39,"committeeCodes":262},"2025-02-07",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"Michael","Lawler","17","Rep. Lawler, Michael [R-NY-17]","NY","R","L000599","2026-03-31T14:52:11Z",[],"House",119,false,"Endowment Accountability Act","2026-05-11T15:27:14.329Z",[],0,3,"hr",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F1128","\u003Cpre>\n[Congressional Record Volume 171, Number 26 (Friday, February 7, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. LAWLER:\nH.R. 1128.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle 1, Section 8, Clause 18 of the U.S. Constitution\n[Page H585]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":32},"Referred to the House Committee on Ways and Means.",1128,"in_committee","To amend the Internal Revenue Code of 1986 to increase the rate of the excise tax based on investment income of private colleges and universities and to broaden the definition of applicable educational institution by lowering the threshold with respect to aggregate fair market value per student, and for other purposes.",2,"2026-05-22T16:47:51.802Z","taxation",[40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202,203,204,205,206,207,208,209,210,211,212,213,214,215,216,217,218,219,220,221,222,223,224,225,226,227,228,229,230,231,232,233,234,235,236,237,238,239,240,241,242,243,244,245,246,247,248,249,250,251,252,253,254,255,256,257,258,259,260,261,10],"endowment","en","end","endo","endow","endowm","endowme","endowmen","accountability","ac","acc","acco","accou","accoun","account","accounta","accountab","accountabi","accountabil","accountabili","accountabilit","act","to","amend","am","ame","amen","the","internal","in","int","inte","inter","intern","interna","revenue","re","rev","reve","reven","revenu","code","co","cod","of","1986","19","198","increase","inc","incr","incre","increa","increas","rate","ra","rat","excise","ex","exc","exci","excis","tax","based","ba","bas","base","on","investment","inv","inve","inves","invest","investm","investme","investmen","income","inco","incom","private","pr","pri","priv","priva","privat","colleges","col","coll","colle","colleg","college","and","universities","un","uni","univ","unive","univer","univers","universi","universit","universiti","universitie","broaden","br","bro","broa","broad","broade","definition","de","def","defi","defin","defini","definit","definiti","definitio","applicable","ap","app","appl","appli","applic","applica","applicab","applicabl","educational","ed","edu","educ","educa","educat","educati","educatio","education","educationa","institution","ins","inst","insti","instit","institu","institut","instituti","institutio","by","lowering","lo","low","lowe","lower","loweri","lowerin","threshold","th","thr","thre","thres","thresh","thresho","threshol","with","wi","wit","respect","res","resp","respe","respec","aggregate","ag","agg","aggr","aggre","aggreg","aggrega","aggregat","fair","fa","fai","market","ma","mar","mark","marke","value","va","val","valu","per","student","st","stu","stud","stude","studen","for","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","rep","lawler","la","law","lawl","lawle","michael","mi","mic","mich","micha","michae","ny",[],true,[265],{"versionCode":266,"actionDate":6,"actionDesc":267,"text":268,"updateDate":269},"00","Introduced in House","\u003Cp>\u003Cstrong>Endowment Accountability Act\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill increases the excise tax on the net investment income of certain private university and college endowments. The bill also expands the number of endowments subject to the excise tax by lowering the endowment asset amount per-student threshold.  \u003C\u002Fp>\u003Cp>Under current law, certain private universities and colleges with 500 or more tuition-paying students (of which more than 50% are located in the United States) and endowments that are at least $500,000 per student (per-student threshold) pay an excise tax in the amount of 1.4% on the net investment income from such endowments.\u003C\u002Fp>\u003Cp>The bill increases the amount of the excise tax to 10% of the net investment income from such university and college endowments and lowers the per-student threshold to $200,000.\u003C\u002Fp>","2026-03-31T14:50:28Z",[],{},[273,282,287],{"actionDate":6,"actionDateTime":3,"text":32,"type":274,"actionCode":275,"sourceSystem":276,"committees":278,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":23,"isKeyMilestone":19},"IntroReferral","H11100",{"code":36,"name":277},"House floor actions",[279],{"name":280,"systemCode":281},"Ways and Means Committee","hswm00",{"actionDate":6,"actionDateTime":3,"text":267,"type":274,"actionCode":283,"sourceSystem":284,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":36,"isKeyMilestone":263},"1000",{"code":285,"name":286},9,"Library of Congress",{"actionDate":6,"actionDateTime":3,"text":267,"type":274,"actionCode":288,"sourceSystem":289,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":290,"isKeyMilestone":263},"Intro-H",{"code":285,"name":286},1,[],{},[],"michael-lawler"]