Rep. Jim Banks introduces bill to increase American universities' transparency regarding foreign gifts
Fox News
Rep. Jim Banks, R-Ind., has introduced a bill that would force American universities to be more transparent about foreign gifts.
That changed when President Biden took office. U.S. schools reported $1.6 billion in foreign gifts between July 1, 2020, and Jan. 20, 2021. Between Jan. 20, 2021 and November 2021, however, schools reported just $4.3 million in gifts over a longer time period, prompting questions from lawmakers about reporting requirements.
"Democrats are trying to trick Americans into another decade of cozy relations with the [Chinese] Communist Party. Their fake China bill does nothing to stand up to China. It’s legislative fraud," Banks told Fox News Digital in a statement, referencing Democrats’ China competitiveness bill, the America COMPETES Act, which includes a number of Democratic provisions that critics say do not belong in such a piece of legislation and could lead to abuse by Chinese nationals.
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