RIFA Act
3/5/2025, 1:23 PMSummary of Bill HR 1023
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.
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Current Status of Bill HR 1023
Bill HR 1023 is currently in the status of Bill Introduced since February 5, 2025. Bill HR 1023 was introduced during Congress 119 and was introduced to the House on February 5, 2025. Bill HR 1023's most recent activity was Referred to the House Committee on Education and Workforce. as of February 5, 2025Bipartisan Support of Bill HR 1023
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1023
Primary Policy Focus
Alternate Title(s) of Bill HR 1023
To amend the Higher Education Act of 1965 to require disclosure of certain foreign investments within endowments, and for other purposes.To amend the Higher Education Act of 1965 to require disclosure of certain foreign investments within endowments, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of HR 1023
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