Bill 119 HR 422, also known as the "Federal Research Award Reimbursement Limits for Indirect Costs for Institutions of Higher Education Act," aims to set limits on the amount of indirect costs that institutions of higher education can receive as part of federal research awards. Indirect costs are expenses that are not directly attributable to a specific research project, such as administrative costs and overhead.
The bill seeks to address concerns about the rising costs of research at universities and the impact that excessive indirect costs can have on the ability of researchers to conduct important studies. By setting limits on the amount of indirect costs that can be reimbursed through federal research awards, the bill aims to ensure that taxpayer dollars are being used efficiently and effectively.
In addition to establishing reimbursement limits for indirect costs, the bill also includes provisions aimed at increasing transparency and accountability in the use of federal research funds. This includes requirements for institutions to report on how indirect costs are being used and to provide justification for any costs that exceed the established limits.
Overall, Bill 119 HR 422 is intended to promote responsible stewardship of federal research funds and to ensure that institutions of higher education are using taxpayer dollars in a way that maximizes the impact of research efforts.