House passes bill to increase transparency on China funding U.S. universities– www.thecollegefix.com

House passes bill to increase transparency on China funding U.S. universities– www.thecollegefix.com
Source Link
Excerpt:

That money comes with ‘hidden agendas,’ Rep. Baumgartner says

Higher education institutions would be required to report as little as $1 in funding from China under legislation that passed the U.S. House on Thursday.

The Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions Act would close loopholes that U.S. Rep. John Moolenaar says the Chinese Communist Party is using to “infiltrate and influence our academic institutions.”

“The passage of the DETERRENT Act is a powerful response to China’s aggressive attempts to use financial leverage to undermine our universities and national security,” the Michigan Republican (pictured) stated in a news release.

“This legislation enhances transparency, closes dangerous loopholes, and holds institutions accountable for their dealings with foreign adversaries like the CCP,” Moolenaar stated. He chairs the House Select Committee on China.

The legislation, which now heads to the U.S. Senate, would lower universities’ “foreign gift reporting threshold from $250,000 … to $0 for countries of concern like China,” the news release states. For other countries, the threshold would be $50,000.