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Increased Transparency for Foreign Funding of Universities

New rules enhance disclosure requirements for higher education institutions regarding foreign gifts and contracts. This aims to ensure citizens are aware of the sources of funding supporting education, which can influence the quality and direction of learning. Institutions failing to comply may face penalties, including losing the ability to enroll foreign students or their tax-exempt status.
Key points
Universities must report foreign gifts and contracts valued at $25,000 or more, including tuition payments from foreign governments.
Reports must include detailed information about the foreign source, the purpose of the gift, and copies of agreements, all of which will be publicly available.
Failure to report or providing false information can result in significant fines, and repeated violations may lead to loss of eligibility for foreign student programs and tax-exempt status.
Institutions will also be required to report all qualifying foreign gifts and contracts that occurred between 1998 and the enactment of this act.
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Additional Information
Print number: 117_S_2060
Sponsor: Sen. Cotton, Tom [R-AR]
Process start date: 2021-06-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Foreign Funding Accountability Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2060.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-15.

What are the main provisions?

Key points include:

  • Universities must report foreign gifts and contracts valued at $25,000 or more, including tuition payments from foreign governments.
  • Reports must include detailed information about the foreign source, the purpose of the gift, and copies of agreements, all of which will be publicly available.
  • Failure to report or providing false information can result in significant fines, and repeated violations may lead to loss of eligibility for foreign student programs and tax-exempt status.
  • Institutions will also be required to report all qualifying foreign gifts and contracts that occurred between 1998 and the enactment of this act.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cotton, Tom [R-AR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Education Courts and Law