Amherst President Anthony W. Marx’s Testimony to the Grassley-Welch Endowment Roundtable

On Monday, Sept. 8, Amherst President Anthony W. Marx presented testimony in Washington, D.C. at a roundtable examining college endowments called by U.S. Sen. Charles Grassley (R-Iowa) and U.S. Rep. Peter Welch (D-VT).

At a panel titled “Are Mandatory Payouts Beneficial?” Marx summarized the college’s efforts to ensure access and enhance affordability and argued that a spend rate requirement would not achieve much social benefit, while bringing real risks. The text of his remarks follows. (Watch him deliver his testimony, which begins at 185:15.)