WebOver 30 years ago, Congress enacted Section 117 of the Higher Education Act of 1965 (HEA) in light of concerns about the growing financial relationship between U.S. universities and foreign sources. Congress balanced academic freedom and national security by mandating financial transparency through required reporting of contracts with and gifts ... WebXII, sec. 1206, adding HEA Title XII, sec. 1207 (Oct. 17, 1986) (then codified at 20 U.S.C. 1145d). And when Congress expanded that reporting requirement in 1998, it did not exempt the new Section 117 from Section 1094(a)’s requirements. Congress’ consistent understanding is reflected in statutory language adopted in 2008, when
NASFAA ED Ties Foreign Gift Reporting Compliance to Title IV ...
WebIt also enforces laws regarding privacy, civil rights, and other issues for institutions that accept federal funds. The primary law through which ED administers these programs is the Higher Education Act (HEA), first passed in 1965. Since then, HEA has been rewritten eight separate times. The current HEA was set to expire at the end of 2013 but ... WebForeign Influence/HEA Section 117 Compliance Reporting Overview Section 117 of the Higher Education Act requires institutions to report that any gift or contract payment (or ... Section 117 reporting of foreign transactions to ED is required twice per calendar year, on January 31 and July 31. As such, foreign transactions need to be reported to ... motor power wheels
Foreign Influence-Section 117 Compliance Reporting
WebDec 23, 2024 · Subject. Section 117 of the Higher Education Act. This announcement is to remind postsecondary institutions of their legal obligation to report to the Department of Education ownership and control by foreign sources as well as gifts from and contracts with foreign sources that have a total value of $250,000 or more within a given calendar year. WebP2 Foreign Gifts and Contract Reporting: Section 117 and Beyond In June 2024, the DOE opened a Section 117 reporting portal that included a new, lengthy and complex … WebSection 117 reporting requirements. This policy provides guidance to divisions, including a description of the reporting requirements and UToledo recommendations for risk mitigation. This policy also includes a link to supporting procedures, including definitions of HEA Section 117 Terms, and an HEA Section 117 Reporting: UToledo Checklist. motorpresse burdadirect