To require audits of institutions with respect to disclosures of foreign gifts, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3284 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3284 To require audits of institutions with respect to disclosures of foreign gifts, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 8, 2025 Mr. Gill of Texas introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To require audits of institutions with respect to disclosures of foreign gifts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AUDITS OF INSTITUTIONS WITH RESPECT TO DISCLOSURES OF FOREIGN GIFTS. Section 117 of the Higher Education Act of 1965 (20 U.S.C. 1011f) is amended-- (1) by redesignating subsections (g) and (h) as subsections (h) and (i), respectively; and (2) by inserting after subsection (f) the following: ``(g) Audit.-- ``(1) In general.--Beginning not later than 60 days after the date of enactment of this subsection, and every 2 years thereafter, the Secretary shall conduct an audit of no fewer than 30 institutions to assess compliance with the reporting requirements under this section. ``(2) Determination of institutions to audit.--In determining which institutions to audit under this subsection, the Secretary shall prioritize audits for institutions that meet 1 or more of the following criteria: ``(A) Institutions that are in the top 1 percent when the endowments of all institutions are ranked from largest to smallest. ``(B) Institutions with a previous history of receiving a