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Increased Transparency for Foreign Gifts to Colleges

New rules enhance transparency regarding foreign funding for higher education institutions. Colleges will need to provide more detailed information about the sources and intended use of foreign gifts and contracts, allowing citizens to better understand where funding for education comes from.
Key points
Colleges must disclose the identity of every foreign source, whether an individual or a legal entity.
The name of each foreign government or government agency providing funds must be specified.
Institutions will need to identify the specific department, college, or project that received foreign money and its intended purpose.
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Additional Information
Transparency in College Foreign Payments Act
Print number: HR 1739
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2023-03-23