H.R. 6165 — RIFA Act

This bill requires private institutions of higher education (IHEs) with specified assets or investments to file annual investment disclosure reports. The bill applies to a private IHE with (1) assets in excess of $6 billion, or (2) certain investments in excess of $250 million.  Specifically, the bill requires such a private IHE to file a disclosure report with the Department of Education (ED) for a year in which the IHE purchases, sells, or holds one or more investments of concern. Investment of concern means any specified interest (e.g., stock or debt) with respect to a foreign country of concern (e.g., North Korea, China, Russia, or Iran) or a foreign entity of concern (e.g., a foreign e...