Endowment Transparency Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2022
Committee Review
Floor Vote
President
Introduced Oct 25, 2022
Last action Oct 25, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 25, 2022
Committee
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.
lower
Oct 25, 2022
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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