Bill > HR1048

This bill, known as the DETERRENT Act (Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions), introduces comprehensive new requirements for higher education institutions regarding foreign gifts and contracts. The bill mandates that institutions must disclose detailed information about gifts and contracts from foreign sources, including the name of the foreign source, the value of the gift or contract, and its intended purpose, with particularly stringent reporting requirements for gifts or contracts from "countries of concern" or "entities of concern." Institutions must file annual reports with the Secretary of Education, maintain a public database of these disclosures, and establish internal compliance policies. The bill imposes significant penalties for non-compliance, including substantial fines and potential loss of federal funding. Additionally, the legislation requires institutions to create plans to identify potential espionage risks from foreign gifts and contracts, and establishes a single point of contact at the Department of Education to coordinate implementation and provide technical assistance. The bill aims to increase transparency and protect national security by providing greater oversight of foreign financial interactions with higher education institutions, with special scrutiny applied to gifts and contracts from countries or entities deemed potentially problematic for U.S. national interests.

Education, Health and Social Services

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