To amend the Higher Education Act of 1965 to require annual reporting on assets of institutions of higher education.
About This Bill
Committee
Latest Action · October 25, 2022
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Endowment Transparency Act
This bill requires certain actions regarding institutions of higher education (IHEs) and the management of their assets.
Specifically, the bill requires the Department of Education to annually update the College Navigator website with information on the assets of IHEs, including information about investments with minority- or women-owned firms.
The bill also requires the Minority Business Development Agency to (1) report on recommended changes for substantially increasing the use of minority- or women-owned firms in the investment and bond transactions of IHEs, and (2) convene a conference every five years.
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