U.S. Department Of Education Provides Notice Of New, Expanded Section 117 Foreign Gift And Contract Reporting Requirements For Higher Education Institutions
On 17 December 2019, the U.S. Department of Education (ED) published in the Federal Register notice of a new information collection request (ICR) related to reporting requirements under Section 117 of the Higher Education Act (20 U.S.C. § 1011f). Section 117 requires an "institution" to file a disclosure report when it "receives a gift from" or "enters into a contract with" a "foreign source" that is valued at US$250,000 or more, either alone or when combined with other gifts [...]