Disclose GIFT Act

This bill requires universities receiving over $50 million in federal research funding annually to publicly disclose foreign gifts and contracts exceeding $5,000 in value. Specifically, institutions must report annual details of foreign gifts (over minimal value) and contracts (including those with "foreign countries of concern") to a searchable online database, retaining records for four years. The policy mandates annual disclosures by faculty/staff involved in research, with penalties including fines up to the total disclosed value for violations, and potential loss of federal funding for repeated noncompliance. It directly affects major research universities participating in federal student aid programs.