Safeguarding American Education From Foreign Control Act

This bill makes colleges and universities report more about money and contracts they get from foreign sources. Schools must file a report twice a year (by January 31 or July 31). If a school is owned or controlled by a foreign source, it must file. For gifts or contracts from a “covered nation,” any amount must be reported; for other foreign sources, the report is required when the total reaches $250,000 or more in a calendar year. The Department of Education must send each report to the FBI and the Director of National Intelligence within 10 days. It also has 90 days after the law takes effect to send all past reports and any investigation records to those agencies.

• Who is affected: Colleges and universities that receive foreign gifts or contracts; the Department of Education; the FBI and the Director of National Intelligence.
• What changes: More frequent and broader reporting of foreign money; automatic sharing of these reports with national security officials.
• When: Reports are due every January 31 or July 31; future reports must be shared within 10 days; past records must be sent within 90 days after the law starts.