; (2) in subsection (b)— (A) in paragraph (1), in the first sentence, by inserting before the period at the end the following: , and the content of each such contract ; and (B) in paragraph (2), by inserting before the period the following: , and the content of each such contract ; (3) in subsection (e), by inserting , including the contents of any contracts, after reports ; and (4) in subsection (h)(3), by inserting before the semicolon at the end the following: , or the fair market value of an in-kind gift . (b) Effective date The amendments made by subsection (a) shall apply with respect to gifts received or contracts entered into, or other activities carried out, on or after the date of the enactment of this Act. 5. Definitions In this Act: (1) Affiliate The term affiliate refers to any entity that invokes the name of an institution of higher education in the byline of a publication, including professors, lecturers, researchers, graduate students, and non-employee alumni. (2) Asset The term asset includes stocks, bonds, retirement accounts, personal bank accounts, liabilities such as mortgages or real estate that produce income, and terms of agreement for future employment. (3) Contract The term contract has the meaning given the term in section 117(h) of the Higher Education Act of 1965 ( 20 U.S.C. 1011f(h) ). (4) Foreign source The term foreign source has the meaning given the term in section 117(h) of the Higher Education Act of 1965 ( 20 U.S.C. 1011f(h) ). (5) Gift The term gift has the meaning given the term in section 117(h) of the Higher Education Act of 1965 ( 20 U.S.C. 1002(h) ). (6) Institution of higher education The term institution of higher education has the meaning given the term in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ).