No Foreign Gifts Act of 2024
This bill prohibits an institution of higher education (IHE) from receiving federal education funds if the IHE receives gifts from certain countries.
Specifically, the bill prohibits an IHE from receiving a gift from (1) China, Russia, North Korea, or Iran; or (2) a country that has provided material support to a foreign terrorist organization, as determined by the Department of State.
The bill also requires an IHE, as a condition of eligibility for federal education funds, to report any offer of a gift from such a foreign country.