S. 1317, the Safeguarding American Education From Foreign Control Act, strengthens oversight of foreign funding to American colleges and universities by expanding disclosure requirements. Institutions must now report any gift or contract from foreign sources worth $250,000 or more to the Department of Education, with a much lower threshold of any value for sources connected to "covered nations" (designated adversaries like China and Russia). The bill requires the Education Department to share these disclosure reports with the FBI and Director of National Intelligence within 10 days of receipt and mandates that all existing records on file be submitted to these agencies within 90 days of the law's enactment. The legislation affects all higher education institutions that receive foreign funding and aims to protect national security by giving federal intelligence and law enforcement agencies visibility into foreign financial relationships with American schools.
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