‘‘(3) to represent the Department of Education 
on the Committee on Foreign Investment in the 
United States; and 
‘‘(4) to carry out such other duties and respon-
sibilities relating to foreign influence over institu-
tions as the Secretary determines appropriate. 
‘‘(d) STAFF.—The Secretary shall ensure that the 
Office is staffed by individuals with sufficient expertise to 
carry out the responsibilities specified in subsection (c).’’. 
(b) EFFECTIVE DATE
AND APPLICABILITY.—The 
amendments made by subsection (a) shall take effect 90 
days after the date of enactment of this Act. 
(c) REGULATIONS.—Not later than the effective date 
specified in subsection (b), the President shall promulgate 
regulations implementing section 117a of the Higher Edu-
cation Act of 1965, as added by subsection (a). 
SEC. 3. INCLUSION OF OFFICE FOR FOREIGN GIFTS AND 
CONTRACTS OVERSIGHT IN THE COMMITTEE 
ON FOREIGN INVESTMENT IN THE UNITED 
STATES. 
(a) MEMBERSHIP OF THE COMMITTEE ON FOREIGN 
INVESTMENT
IN
THE
UNITED
STATES.—Section 
721(k)(2) of the Defense Production Act of 1950 (50 
U.S.C. 4565(k)(2)) is amended— 
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(1) by redesignating subparagraph (J) as sub-
paragraph (K); and 
(2) by inserting after subparagraph (I) the fol-
lowing new subparagraph: 
‘‘(J) The head of the Office for Foreign 
Gifts and Contracts Oversight of the Depart-
ment of Education (as described in section 
117a of the Higher Education Act of 1965).’’. 
(b) COVERED TRANSACTIONS AND LEAD AGENCY.— 
(1) 
COVERED
TRANSACTIONS.—Section 
721(a)(4) of the Defense Production Act of 1950 
(50 U.S.C. 4565(a)(4)) is amended— 
(A) in subparagraph (A)(i), by striking 
‘‘subparagraph (B)(i)’’ and inserting ‘‘clauses 
(i) or (vi) of subparagraph (B)’’; and 
(B) in subparagraph (B), by inserting 
after clause (v) the following new clause: 
‘‘(vi) Any gift or contract described in 
section 117(a)(1)(A) of the Higher Edu-
cation Act of 1965.’’. 
(2) LEAD AGENCY.—Section 721(k)(5) of the 
Defense Production Act of 1950 (50 U.S.C. 
4565(k)(5)) is amended— 
(A) by redesignating subparagraphs (A) 
and (B) as clauses (i) and (ii), respectively; 
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(B) by striking ‘‘The Secretary’’ and in-
serting the following: 
‘‘(A) IN GENERAL.—The Secretary’’; and 
(C) by adding at the end the following new 
subparagraph: 
‘‘(B) CERTAIN GIFTS AND CONTRACTS.— 
With respect to a covered transaction described 
in subsection (a)(4)(B)(v), the Secretary of the 
Treasury shall designate the head of the Office 
for Foreign Gifts and Contracts Oversight of 
the Department of Education (as described in 
section 117a of the Higher Education Act of 
1965) as the lead agency on behalf of the Com-
mittee.’’. 
(3) APPLICABILITY.—This subsection and the 
amendments made by this subsection shall apply 
with respect to any covered transaction described in 
clause (v) of section 721(a)(4)(B) of the Defense 
Production Act of 1950 (50 U.S.C. 4565(a)(4)(B)), 
the review or investigation of which is initiated 
under section 721 of such Act on or after the date 
of the enactment of this section. 
Æ 
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