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Strengthening Transparency in Foreign Educational Contracts

Roll Call Number: 83 | Session Number: 1

The Foreign Gifts and Contracts Transparency Act mandates that institutions of higher education disclose any foreign gifts or contracts valued at $50,000 or more, as well as those from foreign entities of concern, regardless of value. Institutions must maintain a searchable database of these disclosures and ensure compliance with reporting requirements. Additionally, the Act prohibits contracts with foreign countries or entities deemed a concern, unless a waiver is granted under specific conditions. The legislation also establishes penalties for non-compliance and requires institutions to implement policies to manage potential conflicts of interest arising from foreign engagements. Overall, the Act seeks to safeguard national security and promote accountability in higher education funding.1