Bill > HR1023

This bill requires certain higher education institutions to disclose their investments in foreign countries or entities of concern by filing an annual report with the Secretary of Education. Specifically, the bill applies to private, non-public institutions with assets or investments over $6 billion or $250 million in investments of concern. The report must detail investments in countries or entities deemed potentially detrimental to U.S. national security, including specific information about the investments' fair market value, sales, and capital gains. Institutions must designate a compliance officer to certify the accuracy of the report, and the Secretary of Education will create a public, searchable database of these reports. Institutions that fail to comply face significant penalties, including fines ranging from 50% to 200% of the value of their investments of concern, and potential loss of eligibility to participate in federal education programs for up to two years. The bill defines "foreign countries of concern" as those identified in existing national defense legislation or determined by government officials to pose a risk to U.S. national security interests, aiming to increase transparency about institutional investments that might conflict with U.S. strategic priorities.

Education

https://www.congress.gov/bill/119th-congress/house-bill/1023/all-info