Bill119th CongressFiled Jun 24, 2026
S. 4907
A bill to amend the Internal Revenue Code of 1986 to increase the excise tax on investment income of private colleges and universities and provide greater funding to career and technical education.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it does
A plain-language summary from the Congressional Research Service isn’t available yet for this bill. CRS summaries are typically posted within a few weeks of introduction.
What just happenedJun 24, 2026
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Moody, Ashley [R-FL](R-FL)Sponsor