Education Dept. Uncovers Billions In Unreported Foreign Donations From China and Russia to US Colleges

The Department of Education told House Republicans, during a briefing and in a letter, their investigation into Institutions of Higher Education (IHE) for foreign investments and donations has so far uncovered over $6 billion of previously unreported foreign donations from known adversarial countries. The briefing and the letter are the result of House Republicans' inquiry into U.S. colleges being investigated by the Education Department for violating Section 117 of the Higher Education Act of 1965, which prohibits an IHE from improperly reporting or failing to report foreign gifts of $250,000 or more, as part of their wider probe into the Chinese Communist Party's influence within the United States.-- More...