; or (iii) decorations (as such term is defined in section 7342(a) of title 5, United States Code). (6) Restricted or conditional gift or contract The term restricted or conditional gift or contract means any endowment, gift, grant, contract, award, present, or property of any kind which includes provisions regarding— (A) the employment, assignment, or termination of faculty; (B) the establishment of departments, centers, institutes, instructional programs, research or lecture programs, or new faculty positions; (C) the selection, admission, or education of students; (D) the award of grants, loans, scholarships, fellowships, or other forms of financial aid restricted to students of a specified country, religion, sex, ethnic origin, or political opinion; or (E) any other restriction on the use of a gift or contract. . (b) Prohibition on contracts with certain foreign entities and countries Part B of title I of the Higher Education Act of 1965 ( 20 U.S.C. 1011 et seq. ) is amended by inserting after section 117 the following: 117A. Prohibition on contracts with certain foreign entities and countries (a) In general An institution shall not enter into a contract with a foreign country of concern or a foreign entity of concern. (b) Waivers (1) Submission (A) First waiver requests (i) In general An institution that desires to enter into a contract with a foreign entity of concern or a foreign country of concern may submit to the Secretary, not later than 120 days before the institution enters into such a contract, a request to waive the prohibition under subsection (a) with respect to such contract. (ii) Contents of waiver request A waiver request submitted by an institution under clause (i) shall include— (I) the complete and unredacted text of the proposed contract for which the waiver is being requested, and if such original contract is not in English, a translated copy of the text into English (in a manner that complies with section 117(c))