Bill > S1317

This bill aims to strengthen disclosure requirements for educational institutions regarding foreign gifts and contracts by amending the Higher Education Act of 1965. It requires institutions to file disclosure reports with the Secretary of Education whenever they receive gifts or enter into contracts with foreign sources, with different thresholds based on the origin of the funding. For foreign sources not associated with a "covered nation" (a term defined by reference to another statute), the threshold is $250,000 or more per calendar year, while for sources associated with a covered nation, any gift or contract of any value must be reported. Institutions must file these reports twice yearly on specific dates. Additionally, the bill mandates that the Secretary of Education promptly transmit copies of these disclosure reports to the Federal Bureau of Investigation (FBI) and the Director of National Intelligence within 10 days of receipt. The bill also requires the Secretary to retroactively send all previously received foreign gift and contract records to the FBI and National Intelligence Director within 90 days of the Act's enactment. The primary goal appears to be increasing transparency and oversight of foreign financial influences in American higher education.

Health and Social Services

https://www.congress.gov/bill/119th-congress/senate-bill/1317/all-info