S.2045

The Protecting Endowments from Our Adversaries Act imposes a tax on certain investments of private colleges and universities.

The Protecting Endowments from Our Adversaries Act amends the Internal Revenue Code to impose an excise tax on certain investments of private colleges and universities. The tax applies to investments in entities listed on specific government lists, including the Entity List, Military End User List, Unverified List, and FCC Covered List. The tax is equal to 50% of the fair market value of the investment at the time of acquisition. The act also imposes a tax on net income from investments held for one year.