I 
117TH CONGRESS 
2D SESSION 
H. R. 7150 
To amend the Higher Education Act of 1965 to strengthen oversight and 
disclosures relating to foreign support for institutions of higher education, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 18, 2022 
Mr. BANKS introduced the following bill; which was referred to the Committee 
on Education and Labor, and in addition to the Committees on Financial 
Services, Foreign Affairs, and Energy and Commerce, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee con-
cerned 
A BILL 
To amend the Higher Education Act of 1965 to strengthen 
oversight and disclosures relating to foreign support for 
institutions of higher education, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. DISCLOSURES OF FOREIGN GIFTS AND CON-
TRACTS. 
(a) IN GENERAL.—Section 117 of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1011f) is amended to read 
as follows: 
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‘‘SEC. 117. DISCLOSURES OF FOREIGN GIFTS AND CON-
TRACTS. 
‘‘(a) DISCLOSURES.— 
‘‘(1) AGGREGATE GIFTS AND CONTRACTS.— 
‘‘(A) DISCLOSURE REQUIRED.—Except as 
provided in subsection (b), whenever an institu-
tion receives a gift from or enters into a con-
tract with a foreign source, the value of which 
is $50,000 or more, considered alone or in com-
bination with all other gifts from or contracts 
with that foreign source within a calendar year 
the institution shall file a disclosure report with 
the Office for Foreign Gifts and Contracts 
Oversight on January 31 or July 31, whichever 
is sooner. 
‘‘(B) CONTENTS
OF
DISCLOSURE.—Each 
report under subparagraph (A) shall include the 
following: 
‘‘(i) For gifts received from or con-
tracts entered into with a foreign govern-
ment, the aggregate amount of such gifts 
and contracts received from each foreign 
government, including the content of each 
such contract. 
‘‘(ii) For gifts received from or con-
tracts entered into with a foreign source 
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other than a foreign government, the ag-
gregate dollar amount of such gifts and 
contracts attributable to a particular coun-
try, the legal or formal name of the foreign 
sources, and the content of each such con-
tract. 
‘‘(C) ATTRIBUTION.—For purposes of sub-
paragraph (B)(ii), the country to which a gift 
or contract is attributable is— 
‘‘(i) in the case of a gift from or con-
tract entered into with a foreign source 
who is a natural person, that person’s 
country of citizenship, or if unknown, that 
person’s principal country residence; or 
‘‘(ii) in the case of a gift from or con-
tract entered into with a foreign source 
which is a legal entity, the entity’s prin-
cipal place of business or, if unknown, the 
entity’s country of incorporation. 
‘‘(2) GIFTS
OR
CONTRACTS
WITH
UNDETER-
MINED MONETARY VALUE.— 
‘‘(A) DISCLOSURE REQUIRED.—Except as 
provided in subsection (b), whenever an institu-
tion receives a gift from or enters into a con-
tract with a foreign source the value of which 
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is not readily ascertainable, the institution shall 
file a disclosure report with the Office for For-
eign Gifts and Contracts Oversight on January 
31 or July 31, whichever is sooner. 
‘‘(B) CONTENTS
OF
DISCLOSURE.—Each 
report under subparagraph (A) shall include the 
information described in paragraph (1)(B). 
‘‘(3) OWNERSHIP
OR
CONTROL
BY
FOREIGN 
SOURCE.— 
‘‘(A) DISCLOSURE
REQUIRED.—Whenever 
an institution is owned or controlled by a for-
eign source the institution shall file a disclosure 
report with the Office for Foreign Gifts and 
Contracts Oversight on January 31 or July 31, 
whichever is sooner. 
‘‘(B) CONTENTS
OF
DISCLOSURE.—Each 
report under subparagraph (A) shall include the 
following: 
‘‘(i) the information described in para-
graph (1)(B) (without regard to any gift or 
contract threshold described in paragraph 
(1)(A)); 
‘‘(ii) the identity of the foreign source 
that owns or controls the institution; 
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