MarketPR
New regulations proposed Thursday by the Treasury Department and Internal Revenue Service would strip tax-exempt status from private schools and colleges that use race in admissions, scholarships, or other school-administered programs.
Treasury Secretary Scott Bessent framed the measure as an effort to end discrimination against white students in favor of students of color.
The proposal, which Treasury estimates could affect as many as 18,000 schools at all education levels, enters a public comment period with legal challenges expected to follow if adopted.
What the rules cover The proposed regulations extend to admissions, educational policies, scholarships, loans, athletics, and every other school-administered or school-supported program.
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