A bill to amend the Internal Revenue Code of 1986 to increase the excise tax on investment income of private colleges and universities and provide greater funding to career and technical education.
Sponsor
- Conservative Groups$11,211k
- Progressive Groups$1,500k
Full profile: /officials/M001244
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2026-06-24
Plain-English Summary
The proposal would raise taxes on investment earnings for wealthy private colleges and universities, then use that additional revenue to fund career and technical education programs that train students for specific jobs like plumbing, nursing, or electrician work. This would affect private educational institutions with significant endowments while directing more money toward vocational training options for students who want alternatives to traditional four-year degrees.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
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