"In recent weeks, all sorts of rumors have been flying around about Congressional proposals that would penalize college endowments that hoard their assets," The Chronicle of Higher Education reports. "The latest comes from Rep. Peter F. Welch, a Democrat of Vermont, who today proposed restricting IRA rollover contributions to colleges that don't use their endowments to help low- and middle-income students pay for college... Mr. Welch said wealthy colleges were among the biggest beneficiaries of those IRA distributions and should not be eligible to receive them unless they started using their endowments 'specifically for containing college costs' for needy students."