No Taxpayer Funding for Ivy League Schools Act

This bill prohibits all federal funding for institutions of higher education with endowment funds totaling $5 billion or more on the enactment date, affecting wealthy universities regardless of name. Exceptions allow funding for research or projects directly tied to "critical national functions," such as border security or national defense. The law uses definitions from the Higher Education Act to calculate endowments (aggregating all funds at an institution) and defines "critical national functions" based on specific security or border control needs. It applies broadly to any qualifying institution, not exclusively to the Ivy League. The prohibition takes effect 60 days after the bill becomes law.