Rep. Murphy Introduces Bill to Pressure University Endowments to Divest From Dangerous Chinese Entities
July 22, 2022
July 22, 2022
WASHINGTON, July 22 -- Rep. Gregory Murphy, R-North Carolina, issued the following news release and letters:
Ways and Means Committee Republican Congressman Greg Murphy, M.D. (NC-03) has introduced the Protecting Endowments from our Adversaries Act (PEOAA) to pressure large university endowments to purge their investment portfolios of Chinese entities deemed a threat to U.S. national security. If passed, the bill would impose a 50% excise tax on such investments when they're ac . . .
Ways and Means Committee Republican Congressman Greg Murphy, M.D. (NC-03) has introduced the Protecting Endowments from our Adversaries Act (PEOAA) to pressure large university endowments to purge their investment portfolios of Chinese entities deemed a threat to U.S. national security. If passed, the bill would impose a 50% excise tax on such investments when they're ac . . .