HB6165: RIFA Act Reporting on Investments in Foreign Adversaries Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Higher Education Act to require disclosure of certain foreign investments within endowments.
Plain-language summary
This bill would require colleges and universities to disclose any investments their endowments hold in companies or countries classified as foreign adversaries. An endowment is money a school sets aside for long-term spending on operations and scholarships. The bill amends the Higher Education Act, which sets rules for federal education programs. Schools would have to report these foreign adversary investments to the federal government. The bill is currently in the introduction stage, meaning it has been formally submitted but not yet assigned to a for review.
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HB6165: RIFA Act Reporting on Investments in Foreign Adversaries Act