1. Short title This Act may be cited as the College Admissions Fairness Act . 2. Treatment of certain charitable contributions to colleges and universities (a) In general Section 170(f) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (19) Denial of deduction and recapture for certain charitable contributions to colleges and universities (A) In general In any taxable year in which the taxpayer is a restricted contributor— (i) the deduction under subsection (a) shall be reduced (but not below zero) by the disallowed amount, and (ii) any disallowed amount that exceeds the amount of the reduction under clause (i) shall be included in the income of such restricted contributor in such taxable year. (B) Restricted contributor For purposes of this paragraph, the term restricted contributor means, with respect to any taxable year, any individual— (i) who made any specified contribution to a specified college or university or to any related organization of such specified college or university during the applicable period, and (ii) who has an applicable child who is enrolled at such specified college or university during such taxable year. (C) Disallowed amount For purposes of this paragraph, with respect to any specified college or university for any taxable year, the disallowed amount is the amount equal to the excess (if any) of— (i) the amount of specified contributions of the taxpayer to such specified college or university during the applicable period, over (ii) the sum of— (I) $100,000, plus (II) the aggregate amount of the reductions under subparagraph (A)(i) and inclusions under subparagraph (A)(ii) for all taxable years in the applicable period preceding the taxable year for which the determination is being made. (D) Specified contribution For purposes of this paragraph, the term specified contribution means, with respect to any specified college or university at which an applicable child of a restricted contributor is enrolled during the taxable year— (i) any