S. 1684 — A bill to require audits of institutions with respect to disclosures of foreign gifts, and for other purposes.

S. 1684 — A bill to require audits of institutions with respect to disclosures of foreign gifts, and for other purposes. | JustPolicyThe purpose of this legislation is to enhance transparency and accountability regarding foreign gifts received by educational institutions in the United States. It aims to ensure that these institutions accurately report foreign funding and are subject to audits to verify compliance with reporting requirements. Key provisions of the law include the establishment of a mandatory audit process for institutions that receive foreign gifts. Starting 60 days after the law is enacted, the Secretary of Education will conduct audits every two years on at least 30 institutions.