Murphy Re-Introduces Bill to Pressure University Endowments to Divest From Dangerous Chinese Entities
June 28, 2023
June 28, 2023
WASHINGTON, June 28 -- Rep. Gregory Murphy, R-North Carolina, issued the following statement on June 27, 2023:
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Congressman Greg Murphy, M.D. (NC-03), a member of the House Ways and Means Committee, has introduced the Protecting Endowments from Our Adversaries Act (PEOAA). The measure aims at pressuring large university endowments to purge their investment portfolios of Chinese entities deemed a threat to U.S. national security. The bill imposes a 50% excise tax on . . .
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Congressman Greg Murphy, M.D. (NC-03), a member of the House Ways and Means Committee, has introduced the Protecting Endowments from Our Adversaries Act (PEOAA). The measure aims at pressuring large university endowments to purge their investment portfolios of Chinese entities deemed a threat to U.S. national security. The bill imposes a 50% excise tax on . . .