US SB3589 | 2019-2020 | 116th Congress


Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on May 4 2020 - 25% progression, died in committee
Action: 2020-05-04 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]


Deems certain institutions of higher education (IHEs) ineligible to receive certain emergency relief funds to address the coronavirus (i.e., the virus that causes COVID-19). Specifically, an IHE with an endowment greater than $10 billion in 2019 is generally ineligible to receive such funds and must return any funds it received to the Department of Education (ED). However, such an IHE may receive and keep these funds if it provides documentation to ED that it expended 1,000% of the amount of the funds on emergency relief (e.g., financial-aid grants to students).

Tracking Information

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Use Your Endowment Act



2020-05-04SenateRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

Same As/Similar To

HB6651 (Same As) 2020-05-01 - Referred to the House Committee on Education and Labor.


US Congress State Sources

Bill Comments 750