I 
109TH CONGRESS 
2D SESSION 
H. R. 6234 
To amend the Higher Education Act of 1965 to require the disclosure of 
substantial gifts of cash or property to programs assisted under title 
VI of that Act. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 28, 2006 
Mr. BURTON of Indiana (for himself, Mr. POE, Mr. LAHOOD, Mr. LINDER, 
Mrs. BLACKBURN, Mr. KENNEDY of Minnesota, Mr. CARTER, and Mr. 
MILLER of Florida) 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 require 
the disclosure of substantial gifts of cash or property 
to programs assisted under title VI of that Act. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Get Information on 
Financial Transactions Act’’. 
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SEC. 2. CONDITIONS ON PROGRAM GRANTS AND CON-
TRACTS. 
Title VI of the Higher Education Act of 1965 (20 
U.S.C. 1122) is amended by adding at the end the fol-
lowing new section: 
‘‘SEC. 632. GIFT REPORTS BY RECIPIENT INSTITUTIONS. 
‘‘(a) REPORTING BY INSTITUTIONS.— 
‘‘(1) REPORT REQUIRED.—The Secretary shall 
require, as part of the Integrated Postsecondary 
Education Data System (IPEDS) annual data col-
lection, that each institution receiving funds under 
this title include the following data: 
‘‘(A) the total cost of establishing or oper-
ating a program or center assisted under this 
title; 
‘‘(B) if the amount of cash or the fair mar-
ket value (or both) of the contributions by any 
State or private sector corporation, foundation, 
or any other entity or individual during any fis-
cal year for the institution, programs, or cen-
ters receiving funds under this title exceeds 
$100,000 in the aggregate— 
‘‘(i) the names and addresses of any 
such State or private sector corporation, 
foundation, or any other entity or indi-
vidual that contributed such amount of 
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cash or such fair market value of other 
property; and 
‘‘(ii) the amount of such cash or the 
fair market value of such property; and 
‘‘(C) the use made of each contribution by 
each such contributor. 
‘‘(2) DEADLINE.—Any report under paragraph 
(1) shall be made no later than such date as the 
Secretary shall require. 
‘‘(3) CONSEQUENCES
OF
FAILURE
TO
RE-
PORT.—In the case of any institution from which a 
report is requested under paragraph (1), if the Sec-
retary does not receive a report in accordance with 
the deadline established under paragraph (2), the 
Secretary shall— 
‘‘(A) make a determination that the insti-
tution of higher education has failed to make 
the report required by this paragraph; 
‘‘(B) transmit a notice of the determina-
tion to Congress; and 
‘‘(C) publish in the Federal Register a no-
tice of the determination and the effect of the 
determination on the eligibility of the institu-
tion of higher education for contracts and 
grants under this title. 
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‘‘(b) REPORTS BY SECRETARY.—The Secretary shall 
annually prepare a report summarizing the information 
collected from institutions of higher education under sub-
section (a)(1), including all of the information required by 
subparagraphs (A) through (C) of such subsection. The 
Secretary of Education shall publish such report in the 
Federal Register and transmit a copy of such report to 
the Committee on Education and the Workforce of the 
House of Representatives and the Committee on Health, 
Education, Labor, and Pensions of the Senate. 
‘‘(c) RETROSPECTIVE INFORMATION.—The data col-
lected from institutions of higher education under sub-
section (a)(1) in the first submission after the date of en-
actment of this section, and the Secretary’s first report 
under subsection (c), shall include the information re-
quired by subparagraphs (B) and (C) of subsection (a)(1) 
regarding contributions made on or after September 11, 
2001, and the end of the first reporting period under such 
subsection.’’. 
Æ 
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