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Audits of foreign gifts to universities and new taxes on unreported funds.

New regulations introduce mandatory audits of higher education institutions regarding the disclosure of foreign gifts and contracts. This aims to increase transparency in education funding. Additionally, institutions that fail to report foreign funds or receive them from countries deemed problematic will face high taxes, potentially impacting their budgets and, consequently, tuition costs.
Key points
Universities will undergo regular audits to ensure proper reporting of foreign gifts and contracts, aiming for greater financial transparency.
High financial penalties (taxes) are introduced for institutions that fail to report foreign funds or accept them from problematic countries, potentially affecting education accessibility and costs.
Audits will prioritize institutions with large endowments, a history of foreign gifts, previous reporting non-compliance, or those collaborating with entities of concern.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3284
Sponsor: Rep. Gill, Brandon [R-TX-26]
Process start date: 2025-05-08
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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

To require audits of institutions with respect to disclosures of foreign gifts, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3284.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-08.

What are the main provisions?

Key points include:

  • Universities will undergo regular audits to ensure proper reporting of foreign gifts and contracts, aiming for greater financial transparency.
  • High financial penalties (taxes) are introduced for institutions that fail to report foreign funds or accept them from problematic countries, potentially affecting education accessibility and costs.
  • Audits will prioritize institutions with large endowments, a history of foreign gifts, previous reporting non-compliance, or those collaborating with entities of concern.
What is the specific legal status?

The current status is Introduced.

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 Rep. Gill, Brandon [R-TX-26].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Education Taxes