Bill 119 s 1296, 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, ensuring that universities and colleges report any financial contributions or agreements from foreign entities. This is intended to prevent undue influence or interference from foreign governments or organizations in the academic and research activities of American universities.
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. This measure is aimed at safeguarding national security interests and preventing potential threats to academic freedom and intellectual property rights.
Overall, the Foreign Gift and Contract Disclosure Act aims to protect the integrity and independence of American higher education institutions while promoting transparency and accountability in their relationships with foreign entities.