1. Short title This Act may be cited as the Strengthening Minority-Serving Institutions Act of 2018 . 2. Strengthening historically black colleges and universities and other minority-serving institutions Section 371(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1067q(b) ) is amended— (1) in paragraph (1)(A)— (A) in the first sentence, by striking appropriated, and all that follows through 2019 and inserting appropriated, $300,000,000 for fiscal year 2019 and each succeeding fiscal year ; and (B) by striking the second sentence; and (2) in paragraph (2)— (A) in subparagraph (A)— (i) in clause (i), by striking $100,000,000 and inserting $117,500,000 ; (ii) in clause (ii)— (I) by striking $100,000,000 and inserting $99,875,000 ; and (II) by striking and after the semicolon; (iii) by redesignating clause (iii) as clause (iv); (iv) by inserting after clause (ii) the following: (iii) $17,625,000 shall be available for allocation under subparagraph (D); and ; and (v) in clause (iv), as redesignated by clause (iii)— (I) by striking $55,000,000 and inserting $65,000,000 ; and (II) by striking (D) and inserting (E) ; (B) by striking subparagraph (C) and inserting the following: (C) Allocation and allotment hbcus The amount made available for allocation under this subparagraph by subparagraph (A)(ii) for any fiscal year shall be available to eligible institutions described in subsection (a)(1) and shall be made available as grants under section 323 and allotted among such institutions under section 324, treating such amount, plus the amount appropriated for such fiscal year in a regular or supplemental appropriation Act to carry out part B of this title, as the amount appropriated to carry out part B of this title for purposes of allotments under section 324, for use by such institutions with a priority for— (i) activities described in paragraphs (1), (2), (4), (5), and (10) of section 323(a)