118th Congress · SENATE BILLBILL

S. 3362 — DETERRENT Act

“A bill 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.”

Education

Introduced Nov 29, 2023

Last action Nov 29, 2023

Pipeline · Bill → Law

Step 1

Introduced

Nov 29, 2023

Step 2

Referred

Nov 29, 2023

HELP

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill expands oversight and disclosure requirements related to foreign sources and institutions of higher education (IHEs). Specifically, the bill requires an IHE to annually disclose to the Department of Education (ED) any year in which the IHE receives a gift from a foreign country of concern (e.g., China or Russia) or foreign entity of concern of any dollar amount;receives a gift or contract from a foreign source (other than a foreign country of concern or foreign entity of concern) that is valued at $50,000 or more, considered alone or in combination with all other gifts or contracts within a calendar year (current disclosure threshold is $250,000 or more), or which has an undeterm...

Provisions · 5 sectionsIntroduced in Senate

Timeline · 2 actions

Nov 29, 2023

Introduced in Senate

Nov 29, 2023

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.