Newly introduced legislation would require think tanks and nonprofits to reveal whether they have significant funding from governments and political groups in Russia and China.
U.S. Rep. Lance Gooden, R-Texas, introduced the “Think Tank and Nonprofit Foreign Influence Disclosure Act” Thursday, which would require nonprofits and think tanks to disclose foreign donations over $50,000. The bill would require the U.S. Treasury Department to create a “publicly available in a searchable database information relating to such gifts and contributions received from foreign governments and political parties…”
TRANSCRIPT: McCabe: Investigative journalist Peter Schweizer, in his new book Red-Handed, reports how the Chinese Communist Party has targeted American institutions of higher learning. Schweizer told The Star News Network how these institutions, after receiving funds from communist China, have worked to suppress criticism of the communist regime there and…
Senators Marsha Blackburn (R-TN) and Bill Hagerty (R-TN) are calling for increased transparency for the foreign funding in higher education. The Foreign Funding Accountability Act will target Section 117 of the Higher Education Act. That law requires universities to submit biannual reports on all foreign gifts and contract transactions. The Department of Education reported last October that many colleges and universities fail to comply with Section 117.
The two Tennessee senators introduced the Foreign Funding Accountability Act alongside Senators Tom Cotton (R-AK) and Tim Scott (R-SC). China was identified as the main foreign actor that spurred the legislation. The bill would require the full names of all levels of foreign donating entities and the purpose(s) for those gift-transactions, close the loopholes allowing gifting by registered foreign agents and exempting in-kind gifts from counting towards the disclosure minimum, lower the minimum reporting threshold for disclosure in terms of dollar amount to $25,000, and levy a graduated civil penalty structure against higher education institutions that willfully and repeatedly violate Section 117.
North Carolina Attorney General Josh Stein joined a coalition of 32 attorneys general pushing for the lawsuit filed by the Commonwealth of Pennsylvania against student loan servicer Navient to go forward in the federal courts.