Pay Down the Debt Act

Senate Bill

S. 2187

119th Congress

Pay Down the Debt Act

In Committee

Introduced:Jun 26, 2025

Primary Sponsor

Cynthia M. Lummis

Senator

Republican

WY

Cosponsors

0

Quick Stats

Policy Area

Education

Summary

The Pay Down the Debt Act would require the Department of Education to annually update its College Navigator website with information on the assets and investments of colleges and universities, including details on the use of minority- or women-owned firms. It also directs the Minority Business Development Agency to study ways to increase the use of such firms in higher education's investment and bond transactions.

Latest Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

SponsorCynthia M. Lummis (R-WY)

Introduced6/26/2025

StatusRead twice and referred to the Committee on Appropriations.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Pay Down the Debt Act

The Pay Down the Debt Act would require the Department of Education to annually update its College Navigator website with information on the assets and investments of colleges and universities, including details on the use of minority- or women-owned firms. It

Community Breakdown

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The Pay Down the Debt Act would require the Department of Education to annually update its College Navigator website with information on the assets and investments of colleges and universities, including details on the use of minority- or women-owned firms. It also directs the Minority Business Development Agency to study ways to increase the use of such firms in higher education's investment and bond transactions.

Bill Number: 2187
Sponsor: Cynthia M. Lummis (R-WY)
Introduced: 6/26/2025
Status: Read twice and referred to the Committee on Appropriations.
Policy Area: Education

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Pay Down the Debt Act
Bill Number: 2187
Sponsor: Cynthia M. Lummis (R-WY)
Status: Read twice and referred to the Committee on Appropriations.
Introduced: 6/26/2025
Summary: The Pay Down the Debt Act would require the Department of Education to annually update its College Navigator website with information on the assets and investments of colleges and universities, including details on the use of minority- or women-owned firms. It also directs the Minority Business Deve

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Pay Down the Debt Act would require the Department of Education to annually update its College Navigator website with information on the assets and investments of colleges and universities, including details on the use of minority- or women-owned firms. It also directs the Minority Business Development Agency to study ways to increase the use of such firms in higher education's investment and bond transactions.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Endowment Transparency Act This bill requires certain actions regarding institutions of higher education (IHEs) and the management of their assets. Specifically, the bill requires the Department of Education to annually update the College Navigator website with information on the assets of IHEs, including information about investments with minority- or women-owned firms. The bill also requires the Minority Business Development Agency to (1) report on recommended changes for substantially increasing the use of minority- or women-owned firms in the investment and bond transactions of IHEs, and (2) convene a conference every two years.

Key Points

Main provisions of the bill

The bill requires the Department of Education to annually update the College Navigator website with information on the assets and investments of colleges and universities.
The bill mandates that the information include details on the use of minority- or women-owned firms in the investments and transactions of higher education institutions.
The Minority Business Development Agency must report on ways to substantially increase the use of minority- or women-owned firms in higher education's investment and bond activities, and convene a related conference every two years.

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would increase transparency around the investment practices of colleges and universities, with a focus on their use of minority- and women-owned firms. This could lead to more equitable opportunities for these businesses in the higher education sector, as well as greater public awareness of diversity in institutional investment strategies.

Policy Areas

Primary Policy Area

Education

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2187, 119th Congress (2025). "Pay Down the Debt Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2187

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