,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ibac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #cj1 #bjbd,mr4  
,lawl] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to increase ! rate ( !   
excise tax bas$ on inve/m5t income (    
private colleges & univ]sities & to     
broad5 ! def9ition ( applicable         
educational in/itution by l[]+ ! ?re%old
 ) respect to aggregate fair m>ket value
 p] /ud5t1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,end[m5t
 ,acc\ntability ,act4  #b4 ,excise tax  
bas$ on inve/m5t income ( private       
colleges & univ]sities  7a7 ,increase 9 
rate ( tax ,section #difh7;a7 ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #a4d p]c5t & ins]t+ #aj p]c5t4 
7b7 ,l[]+ asset p] /ud5t ?re%old =      
def9ition ( applicable educational      
in/itution ,section #difh7;b77#a77;,d7 (
 su* ,code is am5d$ by /rik+ #ejj1jjj & 
ins]t+ #bjj1jjj4  7c7 ,effective date ,!

 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ! date ( ! 
enactm5t ( ?is ,act4