RIFA Act

3/5/2025, 1:23 PM
Congress
119

Number
HR - 1023

Introduced on
2025-02-05

# Amendments
0

Sponsors
+5

Cosponsors
Mark Harris

Variations and Revisions

2/5/2025

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the House Committee on Education and Workforce.
Bill 119 HR 1023, also known as the Foreign Investment Disclosure Act, aims to amend the Higher Education Act of 1965 to require colleges and universities to disclose any foreign investments within their endowments. The bill is designed to increase transparency and accountability within higher education institutions, particularly in regards to potential foreign influence.

Under this proposed legislation, colleges and universities would be required to report any foreign investments exceeding a certain threshold to the Department of Education. This information would then be made publicly available in order to ensure that stakeholders are aware of any potential conflicts of interest or undue influence from foreign entities.

The bill also includes provisions for the Department of Education to establish guidelines for reporting and monitoring foreign investments, as well as penalties for institutions that fail to comply with the disclosure requirements. Overall, the Foreign Investment Disclosure Act seeks to safeguard the integrity of higher education institutions and protect against potential threats to academic freedom and national security posed by undisclosed foreign investments. It is intended to provide greater transparency and accountability within the higher education sector, while also ensuring that colleges and universities remain free from undue foreign influence.
Alternative Names
Official Title as IntroducedTo amend the Higher Education Act of 1965 to require disclosure of certain foreign investments within endowments, and for other purposes.

Comments

Recent Activity

Latest Action2/5/2025
Referred to the House Committee on Education and Workforce.