The bill imposes restrictions on university tax inquiries and examinations by the Internal Revenue Service.

The Higher Education Oversight for Nonprofits Ensuring Standards and Transparency Act amends the Internal Revenue Code to impose restrictions on university tax inquiries and examinations. It requires the Secretary of the Treasury to provide written notice to a university before beginning an inquiry or examination. The bill sets a 2-year period for completing inquiries and examinations and mandates that examinations must be completed within 2 years of the examination notice date.

The bill imposes restrictions on university tax inquiries and examinations by the Internal Revenue Service.

The Higher Education Oversight for Nonprofits Ensuring Standards and Transparency Act amends the Internal Revenue Code to impose restrictions on university tax inquiries and examinations. It requires the Secretary of the Treasury to provide written notice to a university before beginning an inquiry or examination. The bill sets a 2-year period for completing inquiries and examinations and mandates that examinations must be completed within 2 years of the examination notice date.