Safeguarding American Education From Foreign Control Act
A BILL
To amend the Higher Education Act of 1965 to require additional disclosures relating to gifts and contracts from foreign sources.
Sec. 2 Disclosures of foreign gifts
“(a) Disclosure report
“(1) In general—Whenever any institution is owned or controlled by a foreign source, or receives a gift from or enters into a contract with a foreign source that equals or exceeds the threshold value described in paragraph (2), the institution shall file a disclosure report with the Secretary on January 31 or July 31, whichever is sooner.
“(2) Threshold value—For purposes of subsection (a), the threshold value of a gift from or contract from a foreign source is—
“(A) in the case of a foreign source that is not associated with a covered nation, $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year; and
“(B) in the case of a foreign source that is associated with a covered nation, a gift or contract of any value.”
“(d) Additional submissions—Not later than 10 days after receiving a disclosure report, document, or other record from an institution under this section, the Secretary shall transmit a copy of such report, document, or record to the Director of the Federal Bureau of Investigation and the Director of National Intelligence.”
“(1) the term covered nation has the meaning given that term in section 4872(d)(2) of title 10, United States Code;”