Can the US government punish a university for boycotting Israel?

The US House of Representatives has passed a bill that could impact universities' access to federal student aid. This legislation proposes to cut off federal funding if a university engages in boycotting Israel. The bill's passage by the House indicates a legislative action taken by that body. The potential consequence for universities is the loss of federal student aid, which is a significant source of funding for many institutions and their students. The specific trigger for this penalty is the act of boycotting Israel.