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Code · BILL · 115th Congress · H.R. 5916 (Introduced in House) — To amend the Internal Revenue Code of 1986 to impose a tax on institutions of higher education that fail to use 25 pe... · Sec. 6

Sec. 6. Consumer information

213 words·~1 min read·/bill/115/hr/5916/ih/section-6

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Section 132(i)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1015a(i)(1) ) is amended by adding at the end the following: Total number of employees of the institution in charge of managing or advising the endowment or investments of the institution. Annual salary and performance-based compensation of each individual employed by the institution that is involved in management or advising the endowment. The total expenses for managing the endowment of the institution, disaggregated— by office space and equipment, and any other expenses not described in clause (ii); and by outside management and performance fees by category.
Total institutional aid provided to students by the institution and the total amount of such aid, disaggregated— by institutional aid provided using endowment funds; by institutional aid provided using non-endowment funds; by the type of such aid (such as merit, need, or athletic); and by the income categories described in paragraph (6). The number of students whose parents and grandparents have provided the institution— more than $100,000 during the 4-year period beginning on the day before the student’s first date of attendance through the graduation, transfer, or expulsion of the student; or more then $500,000 in the aggregate.
The number of students whose parent or grandparent (biological, custodial, step-parent etc) graduated from the institution. .
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Sec. 6
Consumer information
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