While I am sure the left will attempt to immediately rebrand DEI to something else (as they did with affirmative action before) this is going to instantly and devastatingly defund the democrat political machine in universities.
This will directly impact Harvard (I have no sympathy for my alma mater), yale, Stanford, Duke and others. Next, we need to tax their endowments to help fund the student loan crisis these same institutions contributed to. Individuals should pay back their loans (at cost) but these ridiculous interest rates can be covered by taxing the universities massive stock pipes of cash.