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HR 5933 - DETERRENT Act - National Key Vote

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Title: DETERRENT Act

Vote Smart's Synopsis:

Vote to pass a bill that expands oversight and disclosure requirements related to foreign sources and institutions of higher education
(IHEs).

Highlights:

  • Expands oversight and disclosure requirements related to foreign sources and institutions of higher education (IHEs) (Sec. 117).

  • Requires annual disclosures to the Department of Education (ED) any year in which the IHE (Sec. 117):

    • Receives a gift or dollar amount from a foreign country or entity of concern (China or Russia);

    • Receives a gift or contract from a foreign source (other than a foreign country or entity of concern) that is valued at $50,000 or more within a calendar year;

    • Enters into a contract with a foreign country or entity of concern after receiving a waiver for such contract; or

    • Is substantially controlled by a foreign source.

  • Prohibits IHEs from entering into contracts with a foreign country or entity of concern without obtaining a waiver (Sec. 117).

  • Requires certain IHEs disclose gifts or contracts between covered individuals (researchers) and foreign sources (Sec. 117).

  • Requires private IHEs with specifies assets or investments file annual investment disclosure reports (Sec. 117).

  • Requires the Department of Education investigate possible violations of this bill and outlines the various penalties for each violation (Sec. 117).

Full Bill Text

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