Transparency in College Foreign Payments Act

Bill: 118-hr-1739
Sponsor: full_name: Rep. Bice, Stephanie I. [R-OK-5]
Introduced: 2023-03-23
Policy area: Education
Latest action: action_date: 2023-03-23
text: Referred to the House Committee on Education and the Workforce.

Summaries:
action_date: 2023-03-23
action_desc: Introduced in House
text: <p><strong></strong><b>Transparency in College Foreign Payments Act</b></p> <p>This bill revises certain disclosure requirements for institutions of higher education (IHEs).</p> <p>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.</p> <p> An IHE must also report the identity of each foreign source and the name of each foreign government. </p> <p>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.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 1739 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.

1. Short title This Act may be cited as the Transparency in College Foreign Payments Act . 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 .