No Subsidies for Wealthy Universities Act

This bill limits federal research funding for university administrative costs based on endowment size. Universities with endowments over $5 billion cannot receive any federal funds for indirect costs, while those with $2-5 billion endowments are capped at 8% indirect cost reimbursement. Other institutions face a 15% cap on indirect costs for federal research awards. It also requires annual reports tracking how these funds are used and identifying top-funded research fields and institutions.