New rules for foreign gift disclosure by universities and penalties for non-compliance.
This act introduces lower thresholds for foreign gifts that educational institutions must report and stiffens penalties for non-compliance. The goal is to increase transparency in university funding and protect against foreign influence, potentially impacting the quality and independence of education, as well as national security.
Key points
Universities must report foreign gifts valued at $50,000 or more annually, down from the previous $250,000.
A system of penalties for non-compliance is established: from written warnings to fines, and even loss of federal research funding for repeat offenders.
Institutions receiving funds from a "foreign adversary" (e.g., China, Russia) will face immediate, harsher penalties.
The regulations aim to increase oversight of foreign funding for universities, which may affect the availability and direction of scientific research.
Expired
Additional Information
Print number: 117_HR_4264
Sponsor: Rep. Harshbarger, Diana [R-TN-1]
Process start date: 2021-06-30