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Increased financial transparency for US educational institutions with China.

New regulations require US educational institutions to disclose details of financial transactions with the Chinese government or its affiliates. This aims to increase transparency in student and exchange visitor programs, potentially affecting the availability of some programs for international students.
Key points
Educational institutions must report contracts and financial transactions with entities funded by the Chinese government.
Detailed descriptions of financial contributions from the Chinese government to student or faculty groups are required.
Failure to provide this information may lead to an out-of-cycle review of the institution by the student exchange program.
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Additional Information
Print number: 117_S_1369
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2021-04-26