DETERRENT Act

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 20 - 14.

Bill 119 hr 1048, also known as the "Foreign Gift and Contract Disclosure Act," aims to make changes to the Higher Education Act of 1965 in order to enhance transparency and accountability in regards to foreign gifts and contracts received by institutions of higher education in the United States.

The bill proposes to strengthen disclosure requirements for foreign gifts and contracts, requiring institutions to report any gifts or contracts valued at $50,000 or more from foreign sources. This information would then be made publicly available on the institution's website. Additionally, the bill seeks to prohibit institutions of higher education from entering into contracts with certain foreign entities and countries that are deemed to be of concern to national security.

The main goal of this legislation is to safeguard against undue influence and potential threats to national security that may arise from foreign entities funding or partnering with American universities. By increasing transparency and limiting partnerships with certain foreign entities, the bill aims to protect the integrity and independence of higher education institutions in the United States. Overall, the Foreign Gift and Contract Disclosure Act seeks to address potential risks associated with foreign funding in higher education while promoting accountability and transparency within the sector.