H.R. 4264 · 117th Congress
Requiring Education Providers to Observe Requirements or Trigger Fines Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HarshbargerSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Requiring Education Providers to Observe Requirements or Trigger Fines Act or the REPORT Fines Act
What it does: CRS summary · Introduced in House · Jun 30, 2021
Requiring Education Providers to Observe Requirements or Trigger Fines Act or the REPORT Fines Act
This bill modifies the disclosure threshold regarding gifts or contracts from a foreign source that institutions of higher education (IHEs) must report to the Department of Education (ED). The bill also establishes new penalties for failure to report.
Under current law, an IHE is required to disclose to ED a gift or contract that is from a foreign source and is valued at $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year. The bill instead requires the IHE to disclose such a gift or contract that is valued at $50,000 or more within a calendar year.
In addition, the bill establishes new penalties for IHEs that fail to report to ED. These penalties include written warnings, civil penalties, and ineligibility for federal research funds. Further, the bill establishes accelerated penalties for IHEs that receive funding from certain countries (e.g., China or Russia).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Requiring Education Providers to Observe Requirements or Trigger Fines Act
Also known as: REPORT Fines Act
Latest action (Jun 30, 2021): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Jun 30, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.