This bill would change the Higher Education Act so that colleges and universities cannot take gifts from, or sign contracts with, “foreign countries of concern.” It also says this ban does not affect normal student payments like tuition, room and board, or fees. In addition, it updates rules about how schools report foreign gifts.

Key points:

• Who is affected: Colleges and universities.
• What changes: A ban on taking gifts or entering contracts with foreign countries of concern; reporting rules for foreign gifts are updated.
• What’s not affected: Student payments for tuition, housing, and fees.
• When: The text provided does not state an effective date.