The main purpose of this legislation is to impose a new tax on large endowments held by certain private colleges and universities. Specifically, it aims to generate revenue from institutions that have substantial financial resources, which could be used to support educational initiatives or reduce student costs. The legislation is officially titled the "Woke Endowment Security Tax Act of 2025," or the "WEST Act of 2025." The key provision of this law is the introduction of a 6 percent excise tax on the total value of endowment assets for qualifying educational institutions.