No Subsidies for Wealthy Universities Act

Met with Representatives, Senators, and legislative staff to discuss tax-exempt university endowment issues. (No bill number) Met with Representatives, Senators, and legislative staff to express opposition to endowment tax provision proposed as an offset to Workforce Pell Act (HR 6585). Encouraged Representatives, Senators, and legislative staff to repeal, offset, or otherwise not increase the excise tax on scholarships and other programs funded by university endowment investments (no bill number). Discouraged co-sponsorship of HR 4380, S 3465, S 4295, HR 7033, HR 6620, S 3355, S 3514, HR 7033, HR 5109, S 4247, HR 8224, HR 8316, S 4287.

Client expense: $150,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 7213: Autism CARES Act of 2024 To amend the Public Health Service Act to enhance activities of the National Institutes of Health with respect to research on autism spectrum disorder and enhance programs relating to autism / reauthorize certain programs with respect to autism spectrum disorder, and for other purposes (ALL). S. 4247: No Subsidies for Wealthy Universities Act To establish Federal research award reimbursement limits for indirect costs for institutions of higher education, and for other purposes (ALL). S. 4667: Risky Research Review Act A bill to amend title 31, United States Code, to establish the Life Sciences Research Security Board, and for other purposes (ALL). Proposed rule on the federal governments use of march-in rights on federally-supported research.

Client expense: $80,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax-Free Pell Grant Act (H.R. 3000/S. 2920) Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act (S. 1453) Endowment Transparency Act (H.R. 4405/S. 2187) Research and Development Tax Deduction Encampments or Endowments Act (S. 4295) No Subsidies for Wealthy Universities Act (S. 4247/H.R. 8224) The College Endowment Accountability Act (S. 3514)

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 4443 - Intelligence Authorization Act for Fiscal Year 2025 - provisions relating to the DOE National Labs H.R. 8070, S. 4638 - National Defense Authorization Act for Fiscal Year 2025 - provisions relating to scientific research policy, disclosures, and funding at DOD. S. 2714, H.R. 5077 - Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 H.R. 8224, S. 4247 - No Subsidies for Wealthy Universities Act H.R. 1516 - DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act S.4667 - Risky Research Review Act AI Research National Institutes of Health Reauthorization Science and Security Issues

Client expense: $110,000 · Firm income: Not reported

Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE

H.R. 7213: Autism CARES Act of 2024 To amend the Public Health Service Act to enhance activities of the National Institutes of Health with respect to research on autism spectrum disorder and enhance programs relating to autism / reauthorize certain programs with respect to autism spectrum disorder, and for other purposes (ALL). S. 4247: No Subsidies for Wealthy Universities Act To establish Federal research award reimbursement limits for indirect costs for institutions of higher education, and for other purposes (ALL). Proposed federal policies relating to fetal tissue and gain-of-function research. Proposed rule on the federal governments use of march-in rights on federally-supported research.

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Discussions regarding Princeton's Financial Aid and Transfer Programs "Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act" (H.R.5933) [Section 2a]: Changes to disclosures of foreign gifts; [Section 2b]: Prohibition on contracts with certain foreign entities and countries [Section 4]: investment disclosure report The "Bipartisan Workforce Pell Act" (H.R. 6585) [Sect. 7] Agreements with Applicable Educational Institutions Discussions on Athletics name, image, and likeness policies. The "College Cost Reduction Act" (H.R. 6951) [all] The "No Subsidies for Wealthy Universities Act" (H.R. 8224/S.4247) [all]

Client expense: $100,000 · Firm income: Not reported

Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, White House Office

S. 4247: No Subsidies for Wealthy Universities Act - provisions related to setting limits on indirect Federal research grants' indirect costs. H.R. 6951 College Cost Reduction Act - provisions related to student loan reform and restricting administrative overreach. H.R. 6655 A Stronger Workforce for America Act - provisions related to Workforce Innovation and Opportunity Act (WIOA) to increase skills development and strengthen relationships between employers and workforce systems. Issues related to reforming student loan system and stopping administrative overreach.

Client expense: $260,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax-Free Pell Grant Act (H.R. 3000/S. 2920) Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act (S. 1453) Endowment Transparency Act (H.R. 4405/S. 2187) Research and Development Tax Deduction Encampments or Endowments Act (S. 4295) No Subsidies for Wealthy Universities Act (S. 4247/H.R. 8224)

Client expense: $60,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 4443, Intelligence Authorization Act for Fiscal Year 2025 - provisions relating to the DOE National Labs H.R. 8070, S. 4638 National Defense Authorization Act for Fiscal Year 2025 - provisions relating to scientific research policy, disclosures, and funding at DOD. S. 2714, H.R. 5077 - Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 H.R. 8224, S. 4247 - No Subsidies for Wealthy Universities Act AI Research National Institutes of Health Reauthorization Science and Security Issues

Client expense: $120,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE