No Subsidies for Wealthy Universities Act

HR 8224, the "No Subsidies for Wealthy Universities Act," limits federal funding for administrative costs at research universities based on their endowment size. It prohibits institutions with endowments over $5 billion from using federal research funds for indirect costs (like administrative overhead), caps indirect costs at 8% for universities with endowments between $2 billion and $5 billion, and sets a 15% cap for others. Universities must annually report endowment values to the Education Statistics Commissioner, and the government will track how indirect costs are spent on administrative staff and diversity initiatives. The bill takes effect one year after enactment and applies to new federal research awards.