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Requires colleges and universities to file disclosure reports when they are owned or controlled by a foreign source or receive covered foreign gifts or contracts, and requires the Department of Education to transmit those reports to U.S. intelligence agencies. The bill sets reporting thresholds (generally $250,000), requires reporting of any value from sources tied to a specified “covered nation,” and imposes rapid transmission deadlines -- new reports must be sent to the FBI and DNI within 10 days and existing/investigative records must be transmitted within 90 days of enactment.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced April 7, 2025 by James E. Banks · Last progress 11 months ago