,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cehi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #d1       
#bjbj,mr4 ,hawley 7for himself1 ,mrs4   
,blackburn1 ,ms4 ,mc,sally1 ,mr4 ,rubio1
 and ,mr4 ,braun7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,health1 
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to amend the higher education  
emergency relief fund under the ,,cares 
,act to restrict eligibility to         
institutions of higher education that   
owned endowment assets whose average    
monthly value was equal to or less than 
#aj1jjj1jjj1jjj in #bjai1 unless the    
institution expends additional          
institutional funds on higher education 
emergency relief4  #a4 ,short title     
,this ,act may be cited as the ,use     
,your ,endowment ,act4  #b4 ,amendment  
to the higher education emergency relief
 fund ,section #ahjjd of the ,,cares    
,act 7,public ,law #aaf-acf7 is amended 
by adding at the end the following3  7f7

 ,restriction on endowment size  7#a7   
,in general ,notwithstanding any other  
provision of law1 an institution of     
higher education shall not be eligible  
to receive funds under this section if  
the institution owned endowment assets  
whose average monthly value was greater 
than #aj1jjj1jjj1jjj in #bjai1 unless   
the institution provides documentation  
to the ,secretary that the institution  
expended an amount equal to not less    
than #ajjj percent of the amount of     
funds to be awarded to the institution  
under this section for the purposes     
described in subsection 7c74  7#b7      
,repayment of funds ,notwithstanding any
 other provision of law1 an institution 
of higher education that owned endowment
 assets whose average monthly value was 
greater than #aj1jjj1jjj1jjj in #bjai1  
and has not provided documentation to   
the ,secretary that the institution     
expended an amount equal to not less    
than #ajjj percent of the amount of     
funds awarded to the institution under  

this section for the purposes described 
in subsection 7c71 and received funds   
under this section before the date of   
enactment of this subsection1 shall     
repay such funds received to the        
,secretary4  4