Endowment Accountability Act

# Endowment Accountability Act Summary **What the Bill Would Do:** The Endowment Accountability Act (HR 1128) would establish new financial requirements and oversight measures for large educational endowments—the invested funds that colleges and universities use to support their operations. While specific provisions aren't detailed in the available information, bills with this title typically aim to require universities with substantial endowments to spend a minimum percentage of their funds annually or face tax penalties, and to increase transparency in how endowment money is managed and invested. **Who It Affects:** This bill would primarily impact colleges and universities with large endowments, such as Ivy League schools and other well-funded institutions. Indirectly, it could affect students and families if universities adjust their financial aid, tuition, or spending practices in response to the new requirements.

Donors and investment managers who oversee university endowments could also be impacted. **Current Status:** As of now, the bill remains in committee, meaning it has been introduced but has not yet advanced to a full vote in the House of Representatives. For detailed information about the bill's specific provisions and any recent activity, the official Congress.gov website would have the most current information.