H.R.3284 - To require audits of institutions with respect to disclosures of foreign gifts, and for other purposes. (119th Congress)
Summary
H.R.3284 aims to increase transparency and accountability regarding foreign gifts to US higher education institutions. It mandates regular audits of these institutions to ensure compliance with reporting requirements under Section 117 of the Higher Education Act of 1965. The bill also introduces excise taxes on contributions from foreign countries of concern and on unreported foreign funding.
Expected Effects
The bill will likely increase the administrative burden on colleges and universities. It will also increase scrutiny of foreign funding sources. The excise taxes could deter institutions from accepting funds from certain foreign entities or failing to report them accurately.
Potential Benefits
- Increased transparency in foreign funding of US educational institutions.
- Greater accountability for institutions receiving foreign gifts and contracts.
- Potential deterrence of undue foreign influence in academic research and education.
- Improved oversight by Congress and the public regarding foreign funding sources.
- Strengthening national security by identifying and addressing potential threats from foreign entities of concern.
Potential Disadvantages
- Increased administrative costs for institutions to comply with audit requirements.
- Potential chilling effect on legitimate international collaborations and funding for research.
- Risk of disproportionate targeting of institutions based on endowment size rather than actual risk of foreign influence.
- Complexity in determining "foreign countries of concern" and potential for political bias.
- Excise taxes could financially burden institutions, potentially impacting tuition or research funding.
Constitutional Alignment
The bill's focus on transparency and accountability aligns with the principle of informed governance. Congress's power to regulate commerce with foreign nations (Article I, Section 8) supports the regulation of foreign funding to educational institutions. The First Amendment implications regarding academic freedom and freedom of association need careful consideration to ensure the regulations are narrowly tailored and do not unduly infringe on these rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).