,,ii #aaith ,,congress #ast ,session ,s4 #acag ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #g1 #bjbe,mr4 ,banks 7for himself1 ,mr4 ,hawley1 and ,mr4 ,tuberville7 introduced the following bill2 which was read twice and referred to the ,committee on ,health1 ,education1 ,labor1 and ,pensions ,a ,,bill ,to amend the ,higher ,education ,act of #aife to require additional disclosures relating to gifts and contracts from foreign sources4 #a4 ,short title ,this ,act may be cited as the ,safeguarding ,american ,education ,from ,foreign ,control ,act4 #b4 ,disclosures of foreign gifts 7a7 ,additional disclosures required ,section #aag of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajaa;f7 is amended-- 7#a7 by striking subsection 7a7 and inserting the following3 7a7 ,disclosure report 7#a7 ,in general ,whenever any institution is owned or controlled by a foreign source1 or receives a gift from or enters into a contract with a foreign source that equals or exceeds the threshold value described in paragraph 7#b71 the institution shall file a disclosure report with the ,secretary on ,january #ca or ,july #ca1 whichever is sooner4 7#b7 ,threshold value ,for purposes of subsection 7a71 the threshold value of a gift from or contract from a foreign source is-- 7,a7 in the case of a foreign source that is not associated with a covered nation1 #bej1jjj or more1 considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year2 and 7,b7 in the case of a foreign source that is associated with a covered nation1 a gift or contract of any value4 2 7#b7 by redesignating subsections 7d7 through 7h7 as subsections 7e7 through 7i71 respectively2 7#c7 by inserting after subsection 7c7 the following3 7d7 ,additional submissions ,not later than #aj days after receiving a disclosure report1 document1 or other record from an institution under this section1 the ,secretary shall transmit a copy of such report1 document1 or record to the ,director of the ,federal ,bureau of ,investigation and the ,director of ,national ,intelligence4 2 and 7#d7 in subsection 7i71 as so redesignated-- 7,a7 by redesignating paragraphs 7#a7 through 7#e7 as paragraphs 7#b7 through 7#f72 and 7,b7 by inserting before paragraph 7#b71 as so redesignated1 the following3 7#a7 the term covered nation has the meaning given that term in section #dhgb7;f77#b7 of title #aj1 ,united ,states ,code2 4 7b7 ,transmittal of records to ,,fbi and ,,dni ,not later than #ij days after the date of enactment of this ,act1 the ,secretary of ,education shall transmit to the ,director of the ,federal ,bureau of ,investigation and the ,director of ,national ,intelligence-- 7#a7 any report1 document1 or other record received by the ,department of ,education under section #aag of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajaa;f71 regardless of the date on which the record was received or the status of the case to which the record pertains2 and 7#b7 any report1 document1 or other record generated by the ,department of ,education in the course of an investigation into the compliance of an institution with such section4