HB5933: DETERRENT Act Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions Act
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Higher Education Act of 1965 to require additional information in disclosures of foreign gifts and contracts from foreign sources, restrict contracts with certain foreign entities and foreign countries of concern, require certain staff and faculty to report foreign gifts and contracts, and require disclosure of certain foreign investments within endowments.
Plain-language summary
The DETERRENT Act changes how colleges and universities report donations and contracts from foreign sources. It requires colleges to disclose more details about foreign gifts and investments in their endowments, or savings accounts. The bill restricts colleges from entering contracts with certain foreign countries considered concerning by the government. Faculty and staff members must report foreign gifts they receive to their institutions. The bill is currently engrossed, meaning it has passed one and awaits action in the other.
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HB5933: DETERRENT Act Defending Education Transparency and Ending Rogue Regimes Engagin…
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Sponsors
Michelle Steel
Primary SponsorCo-sponsors (26)
Virginia Foxx
Burgess Owens
Joe Wilson
Glenn Thompson
Glenn Grothman