S. 2856 — Safeguarding American Education From Foreign Control Act

This bill establishes a special disclosure rule requiring institutions of higher education (IHEs) to disclose any gift from or contract with a foreign source that is associated with a covered nation (i.e., North Korea, China, Russia, or Iran). Under current law, an IHE must disclose to the Department of Education (ED) a gift from or contract with a foreign source that is valued at $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source. This bill establishes a special disclosure rule relating to foreign sources associated with covered nations. Specifically, the bill requires an IHE to disclose any gift from or contract with a fore...