EXCLUSIVE VIDEO: GOP congressman says no bailout money for rich colleges
- Rep. Ben Cline, in an exclusive interview with Campus Reform, slammed colleges receiving money from the CARES Act.
- Cline introduced a bill that would bar universities with endowments of more than $10 billion from receiving the funds.
Rep. Ben Cline (R-Va.) proposed the Use Your Endowment Act, calling for colleges and universities with endowments larger than $10 billion not to receive federal funding through the CARES Act. The proposal would also require such schools to return to the Treasury Department any funding they have already received through the CARES Act.
Cline isn't the only lawmaker to be outspoken on "rich" colleges receiving federal aid, however. Sen. Josh Hawley (R-Mo.) and Rep. Jim Jordan (R-Ohio) introduced similar legislation, as Campus Reform previously reported, that would bar colleges with large endowments from receiving CARES Act financial assistance, which provided colleges across the country with billions of dollars to help them amid the coronavirus crisis.