Rep. Greg Murphy presses to force universities to take endowment funds out of Chinese, other hostile companies
Fox News
A bill in Congress would ban private universities with $1 billion or larger endowments from investing in companies tied to China or other hostile powers.
Tyler Olson covers politics for Fox News Digital. You can contact him at tyler.olson@fox.com and follow him on Twitter at @TylerOlson1791.
Murphy asked them to look into their endowments' investments and aim to divest from businesses included on lists the government keeps of companies that pose security threats, like the Department of Commerce's "Entity List."
"After reviewing the lackluster responses to my June 9 letter, it is apparent that my bill is necessary to effect change. The responses I received from the universities are indicative of a very serious problem in higher education," Murphy told Fox News Digital.
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