Ronald Lauder, the billionaire heir to Estee Lauder Companies and president of the World Jewish Congress, said on Wednesday that President Trump’s effort to crack down on anti-Semitism by making it a federal crime is a “great step.”

Trump is expected to issue an executive order that would combat anti-Semitic rhetoric on college campuses.

“The fact is this order will say to people that if you have anti-Semitism in your college, you may have federal funds taken away. It’s a great step by President Trump,” Lauder told “Fox & Friends.”

Under the executive order, Judaism would be classified as a nationality and religion to be a protected category under Title VI of the Civil Rights Act of 1964.

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Israeli Foreign Minister Israel Katz praised Trump on Wednesday, saying, "I congratulate U.S. President Donald Trump on his intention to sign a presidential order to combat anti-Semitism on U.S. university and college campuses, and to prevent funding from going to those institutions that will not prevent anti-Semitism."

Title VI prohibits discrimination on the basis of race, color and national origin in institutions that are receiving federal funding. A university that violates Title VI by enabling anti-Semitic rhetoric on their campus could have funding cut off by the Department of Education.

A senior administration official told the Jerusalem Post on Tuesday that anti-Semitism on college campuses is typically masked under an anti-Israel agenda. Jewish college students can file complaints of anti-Semitism in the case of discrimination.

Lauder said that he is also launching a $25 million campaign to combat anti-Semitism and educate people on the Holocaust.

“We’re going to go after schools, politicians, professors, everybody who is talking about anti-semitism,” Lauder said.

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Lauder went on to say, “People have forgotten the Holocaust three generations away. A recent poll [found] 60 percent of young people didn’t know about the Holocaust. What this says is we must stand up and right now when someone says something anti-Semitic, no one says anything.”