Earlier this month, Representatives Michelle Steel (R-CA) and Dr. Virginia Foxx (R-NC) introduced the Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act.
The bill, introduced on Oct. 11, aims to bring “much-needed transparency, accountability, and clarity to foreign gift reporting requirements for colleges and universities across the nation.”
According to the DETERRENT Act fact sheet, the new legislation would cut the foreign gift reporting threshold from $250,000 to $50,000—meaning that universities would now have to report any foreign donations greater than $50,000. Additionally, donations from countries considered to be a concern would have a $0 reporting threshold.
“Adversarial countries are using America’s college campuses to undermine our nation’s interests,” a fact sheet says. “The DETERRENT Act is a crucial step towards transparency and protecting American education and students from malicious foreign influence.”
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