Sec. 3. Enhanced disclosure of certain foreign gifts and contracts
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Section 117 of the Higher Education Act of 1965 ( 20 U.S.C. 1011f ) is amended— by amending subseciton
(a)to read as follows: An institution shall file a disclosure report with the Secretary on January 31 or July 31, whichever is sooner, whenever one or more of the following occurs: The institution is owned or controlled by a foreign source. The institution receives a gift from or enters into a contract with a foreign source determined by the Secretary to be acting directly or indirectly on behalf of a foreign government that is adversarial to the United States, regardless of the value of the gift or contract. The institution receives a gift from or enters into a contract with a foreign source not described in paragraph (2), the value of which is— $50,000 considered alone; or $100,000 or more in combination with all other gifts from or contracts with that foreign source within a calendar year. ; by amending subsection
(e)to read as follows: Subject to paragraph (4), all disclosure reports required by this section shall be public records open to inspection and copying during business hours. Not later than 180 days after the date of enactment of the INFLUENCE Act, and on an annual basis thereafter, the Secretary of Education shall make available, on a publicly accessible website of the Department of Education, a database of the information disclosed to the Secretary under this section during the preceding year. Not later than 180 days after the date of enactment of the INFLUENCE Act, and on an annual basis thereafter, each institution that receives a gift or enters into a contract described in subsection
(a)shall make available, on a publicly accessible website of the institution— in the case of a gift described in such subsection, a detailed explanation of the gift, including the amount of the gift, identification of the source of the gift, and any conditions or restrictions on the gift; and in the case of a contract described in such subsection, a complete and accurate copy of the contract. Information made publicly available under this section shall not include information that is determined by an institution to be confidential, proprietary, or otherwise prohibited from disclosure by law. If the Secretary determines that an institution of higher education willfully or negligently disclosed information that is confidential, proprietary, or otherwise prohibited from disclosure by law in violation of subparagraph (A), the Secretary may declare such institution ineligible to participate in programs authorized under title IV of this Act. ; and in subsection (f)(2), by inserting before the period at the end the following: , in addition to any other amounts as determined appropriate by the Secretary of Education .
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Sec. 3
Enhanced disclosure of certain foreign gifts and contracts
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