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S. 3589: Use Your Endowment Act

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About the bill

Should the universities receive the money away, to assist their students who are on Pell Grants?

Context

Passed in response to the pandemic, March’s $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated about $14 billion for colleges, universities, and other institutions of higher education.

The money was allocated to each institution based on a combination of total enrollment and the number of Pell Grant recipients. The five colleges receiving the most money were Arizona State with $63.5 million, Penn State with $54.9 million, Rutgers with $54.1 million, Central Florida with $51.0 million, and Miami Dade with $49.0 million.

A number of the richest universities such as Harvard and Yale initially received CARES Act funds too, due to their Pell Grant recipients ...

Sponsor and status

Joshua Hawley

Sponsor. Junior Senator for Missouri. Republican.

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Last Updated: May 4, 2020
Length: 3 pages
Introduced
May 4, 2020
116th Congress (2019–2021)
Status

Introduced on May 4, 2020

This bill is in the first stage of the legislative process. It was introduced into Congress on May 4, 2020. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
5% chance of being enacted according to Skopos Labs (details)
Source

History

May 4, 2020
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 3589 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 3589. This is the one from the 116th Congress.

How to cite this information.

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“S. 3589 — 116th Congress: Use Your Endowment Act.” www.GovTrack.us. 2020. June 2, 2020 <https://www.govtrack.us/congress/bills/116/s3589>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.