Sec. 2. Prohibition of Federal funds provided to certain institutions of higher education
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Not later than 60 days after the date of enactment of this Act, notwithstanding any other provision of law, no Federal funds may be provided to an institution of higher education that has an endowment fund equaling or exceeding $5,000,000,000 on the date of enactment of this Act. Notwithstanding subsection (a), an institution described in subsection
(a)may receive Federal funds for projects or research that relate to a critical national function. In this section: The term endowment fund has the meaning given such term in section 331 of the Higher Education Act of 1965 ( 20 U.S.C. 1065 ). All endowment funds at an institution of higher education shall be treated as one endowment fund for the purposes of this section. The term institution of higher education has the meaning given such term in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 ). The term national critical function means a function of Government so vital to the United States that its disruption would endanger national security or operational control (as such term is defined in the Secure Fence Act of 2006 ( 8 U.S.C. 1701 note)) of the southern border, or any combination thereof.
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Sec. 2
Prohibition of Federal funds provided to certain institutions of higher education
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