This bill prohibits U.S. colleges and universities from receiving federal research and development awards for five years if they accept funding from certain foreign governments or their associated entities to conduct research. The ban applies to funding received from China, Russia, Iran, North Korea, Cuba, Venezuela, Turkey, Qatar, and any other countries the Secretary of State designates. The restriction specifically targets research related to national security and military applications in three areas: artificial intelligence, biotechnology, and quantum information science. The bill defines "foreign source" broadly to include not just governments themselves, but also government-owned companies, entities in which the government holds at least 25 percent ownership, and subsidiaries or affiliated foundations. The legislation amends the National Defense Authorization Act for Fiscal Year 2021 and applies the five-year penalty period from the time a covered institution receives foreign funds for a specified task.