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.

Ashley Moody

Republican · FL · Senator

Source: Congress.gov · FEC

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.

Read twice and referred to the Committee on Finance.

2026-06-24

Source: Congress.gov

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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