Expands colleges' foreign gift reporting and limits contracts with countries of concern

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

This bill would expand what colleges and universities must report to the Education Department about gifts and contracts from foreign sources, requiring reports of any gift from a foreign country or entity of concern, such as China or Russia, and lowering the reporting threshold for other foreign gifts and contracts from $250,000 to $50,000 a year.^2,3,4 Schools would need a federal waiver to sign contracts with countries or entities of concern, some schools would have to report foreign gifts and contracts received by faculty and researchers, and certain private schools would have to disclose foreign investments in their endowments.^3,4 The Education Department would investigate possible violations, and the bill sets penalties for them.³ Amendments adopted on the House floor added international organizations to the foreign sources covered, required reports to include any ties between a foreign source and a designated foreign terrorist organization, and barred schools with three violations from getting waivers.^3,4

§2Status

§3How Congress voted

Why this matters: The official count.