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Increased Transparency for Foreign Funding of Higher Education

New rules enhance oversight of gifts and contracts between U.S. higher education institutions and foreign sources. This aims to protect national interests and academic freedom, providing citizens with more insight into the funding of their education.
Key points
Colleges must report all foreign gifts and contracts valued at $50,000 or more, as well as those with undetermined monetary value.
Institutions must disclose if they are owned or controlled by a foreign source.
Gifts and contracts from entities in countries designated as "foreign adversaries" (e.g., China, Russia) require special U.S. government approval, especially if they involve critical technologies.
A new office within the Department of Education will monitor and enforce these rules, and a public database of foreign support for institutions will be established.
Penalties for non-compliance include fines, and repeated violations could lead to institutions losing access to federal funding.
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Additional Information
Print number: 117_HR_7150
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2022-03-18