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Increased Transparency for Foreign Funding of US Higher Education

New rules aim to increase transparency regarding foreign funding of American higher education institutions. Colleges and universities will need to report gifts and contracts from foreign sources more frequently and in greater detail, especially from "covered nations." This information will be shared with the FBI and intelligence agencies to safeguard education from foreign influence.
Key points
Colleges must report foreign gifts and contracts valued at $250,000 or more.
Gifts from "covered nations" must be reported regardless of value.
All disclosures, including historical data, will be automatically shared with the FBI and intelligence agencies.
The goal is to protect American education from undue foreign influence.
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Additional Information
Print number: 118_HR_4145
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2023-06-15