Foreign Influence Transparency Act

To amend the Foreign Agents Registration Act of 1938 to limit the exemption from the registration requirements of such Act for persons engaging in activities in furtherance of bona fide religious, scholastic, academic, or scientific pursuits or the fine arts to activities which do not promote the political agenda of a foreign government, to amend the Higher Education Act of 1965 to clarify the disclosures of foreign gifts by institutions, and for other purposes. 1. Short title This Act may be cited as the Foreign Influence Transparency Act 2. Limiting exemption from foreign agent registration requirement for persons engaging in activities in furtherance of certain pursuits to activities not promoting political agenda of foreign governments (a) Limitation on exemption Section 3(e) of the Foreign Agents Registration Act of 1938 ( 22 U.S.C. 613(e) , but only if the activities do not promote the political agenda of a government of a foreign country; (b) Effective date The amendment made by subsection (a) shall apply with respect to activities carried out on or after the date of the enactment of this Act. 3. Disclosures of foreign gifts (a) In general Section 117 of the Higher Education Act of 1965 ( 20 U.S.C. 1011f (1) by amending subsection (a) to read as follows: (a) Disclosure report An institution shall file a disclosure report with the Secretary on January 31 or July 31, whichever is sooner, whenever one or more of the following paragraphs applies to such institution: (1) The institution is owned or controlled by a foreign source. (2) The institution receives a gift from or enters into a contract with a foreign source, the value of which is $50,000 or more for such gift from or contract with that foreign source within a calendar year. (3) The institution receives a gift from or enters into a contract with a foreign source, the value of which is $250,000 or more, considered in combination with all other gifts from or contracts with that foreign source within a calendar year. ; (2) in subsection (b)— (A) in paragraph (1), in the first sentence, by inserting before the period at the end the following: , and the content of each such contract (B) in paragraph (2), by inserting before the period the following: , and the content of each such contract (3) in subsection (e), by inserting , including the contents of any contracts, reports (4) in subsection (h)(3), by inserting before the semicolon at the end the following: , or the fair market value of an in-kind gift (b) Effective date The amendments made by subsection (a) shall apply with respect to gifts received or contracts entered into, or other activities carried out, on or after the date of the enactment of this Act.

Summary: Foreign Influence Transparency Act This bill amends the Foreign Agents Registration Act of 1938 to limit the exemption from foreign agent registration with the Department of Justice for a person engaging in activities in furtherance of religious, scholastic, academic, or scientific pursuits or of the fine arts to only those activities that do not promote a foreign government's political agenda. The Higher Education Act of 1965 is amended to require institutions to report to the Department of Education a gift or contract from a foreign source whose annual value is $50,000 or more. The fair market value of in-kind-gifts is included in such limit. Currently, a report is due if the annual value is $250,000 or more, considered alone or in combination with all other gifts from or contracts with a foreign source.