; and (2) any report, document, or other record generated by the Department of Education in the course of an investigation— (A) of an institution with respect to the compliance of such institution with such section; and (B) initiated prior to the date of the enactment of this Act. 3. Policy regarding conflicts of interest from foreign gifts and contracts The Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. ), as amended by section 2 of this Act, is further amended by inserting after section 117A the following: 117B. Institutional policy regarding foreign gifts and contracts to faculty and staff (a) Requirement to maintain policy and database Beginning not later than 90 days after the date of the enactment of the DETERRENT Act , each institution described in subsection (b) shall maintain— (1) a policy requiring covered individuals employed at the institution to disclose in a report to such institution on July 31 of each calendar year that begins after the year in which such enactment date occurs— (A) any gift received from a foreign source in the previous calendar year, the value of which is greater than the minimal value (as such term is defined in section 7342(a) of title 5, United States Code) or is of undetermined value, and including the date on which the gift was received; (B) any contract entered into with a foreign source in the previous calendar year, the value of which is $5,000 or more, considered alone or in combination with all other contracts with that foreign source within the calendar year, and including the date on which such contract commences and, as applicable, the date on which such contract terminates; (C) any contract with a foreign source in force during the previous calendar year that has an undetermined monetary value, and including the date on which such contract commences and, as applicable, the date on which such contract terminates