Transparency in College Foreign Payments Act

Transparency in College Foreign Payments Act

This bill revises certain disclosure requirements for institutions of higher education (IHEs).

Specifically, the bill requires an IHE to disclose to the Department of Education (ED) any gift from or contract with a foreign source, regardless of the amount of the gift or contract. Under current law, an IHE must disclose to ED a gift or contract from a foreign source that is valued at $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year.

An IHE must also report the identity of each foreign source and the name of each foreign government.

Further, an IHE must report additional information when it receives a restricted or conditional gift or contract from a foreign source. Such additional information includes (1) the identity of the foreign source; (2) the identity of the specific department, college, project, or other division of the IHE that is the recipient of the gift or contract, if applicable; and (3) the intended purpose of the gift or contract.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1739 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1739

To amend the Higher Education Act of 1965 to strengthen the disclosure 
 requirements for institutions of higher education related to foreign 
                          gifts and contracts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2023

  Mrs. Bice (for herself, Mrs. McClain, Mr. Lamborn, and Mr. Stauber) 
 introduced the following bill; which was referred to the Committee on 
                      Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to strengthen the disclosure 
 requirements for institutions of higher education related to foreign 
                          gifts and contracts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Transparency in College Foreign 
Payments Act''.

SEC. 2. DISCLOSURE OF FOREIGN GIFTS AND CONTRACTS.

    Section 117 of the Higher Education Act of 1965 (20 U.S.C. 1011f) 
is amended--
            (1) in subsection (a), by striking ``the value'' and all 
        that follows through ``calendar year,'';
            (2) in subsection (b)--
                    (A) in paragraph (1), by inserting ``the identity 
                of each foreign source (whether a natural person or a 
                legal entity), and'' before ``the aggregate dollar''; 
                and
                    (B) in paragraph (2), by inserting ``, and the name 
                of each foreign government (including the name of each 
                specific government agency or department, if 
                applicable)'' before the period; and
            (3) in paragraph (1) of subsection (c)--
                    (A) by inserting ``the identity of the foreign 
                source,'' before ``the amount,''; and
                    (B) by striking ``and a description of'' and 
                inserting ``the identity of the specific department, 
                college, project, or other division of the institution 
                that is the recipient (if applicable), and a 
                description of the intended purpose and''.
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