summary
Introduced
02/06/2025
02/06/2025
In Committee
02/06/2025
02/06/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Creates the Illinois Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act. Requires an institution to file a disclosure report annually on July 1 when: (1) an institution received a gift from, or entered into a contract with, a foreign source, other than a foreign country of concern or foreign entity of concern, with a value of $50,000 or more, or an undetermined value; (2) an institution receives a gift from a foreign country of concern or foreign entity of concern of any dollar amount; (3) an institution enters into a contract with a foreign country of concern or foreign entity of concern after receiving a waiver for such contract; or (4) an institution is substantially controlled by a foreign source. Requires the Board of Higher Education to establish and maintain a searchable, public database on the Board's website that: (1) contains all reports submitted; (2) includes any information provided in such reports; (3) is searchable and sortable by date filed, date of the gift received or contract entered into, by attributable country of the gift or contract, and by institution; (4) indicates whether a gift is from a foreign government or from a foreign source that is not a foreign government; and (5) indicates when a report does not contain the name or address of a foreign source. Prohibits an institution from entering into any contracts with foreign entities of concern or countries of concern. Provides that private institutions with endowments above $6,000,000,000 or with investments of concern above $250,000,000 shall report: (1) a list of the investments of concern; (2) the aggregate fair market value of all investments of concern; (3) the combined value of all investments of concern; and (4) the combined value of all capital gains from such sales of investments of concern. Sets forth how the Act may be enforced, including fines for violations.
AI Summary
This bill creates the Illinois Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act, which aims to increase transparency and oversight of foreign funding and contracts at educational institutions. The bill requires institutions to file annual disclosure reports on July 1st for any gifts or contracts from foreign sources valued at $50,000 or more, or any gifts from foreign countries or entities of concern. Institutions must provide detailed information about these gifts and contracts, including the source, purpose, and any restrictions. The Board of Higher Education will establish a public, searchable database containing these reports, which will allow sorting by date, country, and institution. The bill prohibits institutions from entering into contracts with foreign countries or entities of concern without obtaining a waiver, and imposes significant financial penalties for non-compliance, ranging from $50,000 to a percentage of federal funds received. Additionally, private institutions with large endowments or investments must report specific details about their investments related to foreign countries of concern. The goal of this legislation is to enhance national security by increasing transparency and reducing potential foreign influence in higher education.
Sponsors (4)
Last Action
Added as Co-Sponsor Sen. Terri Bryant (on 03/20/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1917&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1917.htm |
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