A bill to amend the Internal Revenue Code of 1986 to increase the excise tax on investment income of private colleges and universities and provide greater funding to career and technical education.

Ashley Moody

Republican · FL · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Finance.

2026-06-24

Source: Congress.gov

The proposal would raise taxes on investment earnings for wealthy private colleges and universities, then use that additional revenue to fund career and technical education programs that train students for specific jobs like plumbing, nursing, or electrician work. This would affect private educational institutions with significant endowments while directing more money toward vocational training options for students who want alternatives to traditional four-year degrees.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4907 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4907 To amend the Internal Revenue Code of 1986 to increase the excise tax on investment income of private colleges and universities and provide greater funding to career and technical education. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 24, 2026 Mrs. Moody introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the excise tax on investment income of private colleges and universities and provide greater funding to career and technical education. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Technical Reinvestment and Apprenticeship Development through Endowment Sharing Act'' or the ``TRADES Act''. SEC. 2. SUPPORTING CAREER AND TECHNICAL EDUCATION FOR AMERICANS. (a) In General.--Section 4968(b)(3) of the Internal Revenue Code of 1986 is amended by striking ``8 percent'' and inserting ``15 percent''. (b) Funding for Career and Technical Education.--In addition to any other amounts made available to provide assistance to States under title I of the Carl D. Perkins Career and Technical Education Act of 2006 (20 U.S.C. 2321 et seq.), the Secretary of the Treasury (or the Secretary's delegate) shall, on an annual basis, transfer to such program, from amounts in the general fund of the Treasury of the United States, an amount determined by the Secretary of the Treasury (or the Secretary's delegate) to be equal to the increase in revenue for the preceding 12-month period by reason of the amendments made by subsection (a). (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date which is 12 months after the date of enactment of this Act. <all>

• S4910A bill to amend the Servicemembers Civil Relief Act to preempt any squatter's rights established by State law regarding real property owned by a member of the uniformed services, and for other purposes.
  Referred to Committee · 2026-06-24
• S4905A bill to authorize the Administrator of the National Aeronautics and Space Administration to conduct a pilot program for investment in infrastructure projects at NASA Centers.
  Referred to Committee · 2026-06-24
• S1782Charlotte Woodward Organ Transplant Discrimination Prevention Act
  Reported by Committee · 2026-06-22
• S4821STOP Scams Against Seniors Act
  Referred to Committee · 2026-06-17