is amended by adding at the end the following: 8507. Prohibition on funding for schools owned, operated, or controlled by a covered person In accordance with section 4(b) of the Protecting Education from Malign Foreign Influence Act of 2023 (including the transition provisions of such section), a private elementary school or secondary school— (1) shall not be eligible to receive funds under this Act (including funds described in section 8501) if that private elementary school or secondary school is owned, operated, or controlled by a covered person (as that term is defined in section 2 of the Protecting Education from Malign Foreign Influence Act of 2023 )