Safeguarding American Education From Foreign Control Act

This bill (S 1317) amends the Higher Education Act to require colleges and universities to disclose foreign gifts or contracts meeting specific thresholds. Institutions must report any gift or contract worth $250,000+ from a foreign source not tied to a "covered nation" (defined in federal law), or *any* amount from sources linked to covered nations, by January 31 or July 31 each year. The Department of Education must then send these reports within 10 days to the FBI and National Intelligence Director. Additionally, the Education Secretary must transmit all existing records under this rule to those agencies within 90 days of the bill's enactment.