This bill stops colleges and universities that get federal education funds from accepting gifts from certain foreign countries. It blocks gifts from China, Russia, North Korea, and Iran, and from any country the State Department says has helped a foreign terrorist group. It also says these schools must report any time they are offered such a gift. These rules start on the date the bill becomes law .

Key points:

• Who is affected: Colleges and universities that receive federal education funds under the Higher Education Act.
• What changes: They cannot accept gifts from China, Russia, North Korea, Iran, or countries that have provided “material support” to a foreign terrorist organization; they must report any offer of such a gift to the Secretary .
• When: Starting on the day the law is enacted.