No Subsidies for Wealthy Universities Act

This bill changes how much money universities can use from federal research grants to cover indirect costs like building maintenance and administrative support. The Department of Education must track which universities have endowments over $2 billion and over $5 billion, then share these lists with federal agencies and the public. Universities with endowments over $5 billion would not be allowed to use any federal research money for indirect costs, while those with endowments between $2-5 billion could only use 8% for indirect costs, and all other universities could use up to 15%. The Government Accountability Office would report to Congress each year about these indirect cost payments to universities.

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