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![handle is hein.congrecreports/crptxagzx0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-894
UNIVERSITY ACCOUNTABILITY ACT
DECEMBER 17, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 8914]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 8914) to amend the Internal Revenue Code of 1986 to im-
pose penalties with respect to civil rights violations by certain tax-
exempt educational institutions, having considered the same, re-
ports favorably thereon with an amendment and recommends that
the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 3
A. Purpose and Sum m ary ..................................................................... 3
B. Background and Need for Legislation .................... 4
C. Legislative H istory ........................................................................... . 4
D . Designated H earing .......................................................................... 5
II. EXPLANATION OF THE BILL .................................................................. 5
A. Penalties with Respect to Civil Rights Violations by Certain
Tax-exempt Educational Institutions (sec. 2 of the bill and
new sec. 6720D of the Code) .......................................................... 5
III. VOTE OF THE COM M ITTEE ...................................................................... 10
IV. BUDGET EFFECTS OF THE BILL ............................................................ 11
A. Committee Estimate of Budgetary Effects .................. 11
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority ................................................................. 11
C. Cost Estimate Prepared by the Congressional Budget Office ....... 11
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
TH E H O U SE .............................................................................................. 13
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