,i  #aahth ,,congress  #b;d ,session    
,h4 ,r4 #ibac  ,,in ,,the ,,house ,,of  
,,representatives  ,july #cj1 #bjbd,mr4 
,lawler introduced the following bill2  
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 increase the rate of the excise tax    
based on investment income of private   
colleges and universities and to broaden
 the definition of applicable           
educational institution by lowering the 
threshold with respect to aggregate fair
 market value per student1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,endowment          
,accountability ,act4  #b4 ,excise tax  
based on investment income of private   
colleges and universities  7a7 ,increase
 in rate of tax ,section #difh7;a7 of   
the ,internal ,revenue ,code of #aihf is
 amended by striking #a4d percent and   
inserting #aj percent4  7b7 ,lowering   
asset per student threshold for         
definition of applicable educational    

institution ,section #difh7;b77#a77;,d7 
of such ,code is amended by striking    
#ejj1jjj and inserting #bjj1jjj4  7c7   
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after the date of the   
enactment of this ,act4