; or (bb) is a restricted or conditional gift or contract (as defined in section 117(h) of the Higher Education Act of ( 20 U.S.C. 1011f(h) )) that establishes control. and ; and (C) by adding at the end the following: (G) Foreign gifts to and contracts with institutions of higher education For purposes of subparagraph (B)(vi): (i) Contract The term contract means any agreement for the acquisition by purchase, lease, or barter of property or services by a foreign person, for the direct benefit or use of either of the parties. (ii) Gift The term gift means any gift of money or property. (iii) Institution of higher education The term institution of higher education means any institution, public or private, or, if a multicampus institution, any single campus of such institution, in any State— (I) that is legally authorized within such State to provide a program of education beyond secondary school; (II) that provides a program for which the institution awards a bachelor’s degree (or provides not less than a 2-year program which is acceptable for full credit toward such a degree) or a more advanced degree; (III) that is accredited by a nationally recognized accrediting agency or association; and (IV) to which the Federal Government extends Federal financial assistance (directly or indirectly through another entity or person), or that receives support from the extension of Federal financial assistance to any of the institution’s subunits. . (2) Mandatory declarations Subsection (b)(1)(C)(v)(IV)(aa) of such section is amended by adding at the end the following: Such regulations shall require a declaration under this subclause with respect to a covered transaction described in subsection (a)(4)(B)(vi)(II)(aa). . (3) Factors to be considered Subsection (f) of such section is amended— (A) in paragraph (10), by striking ; and and inserting a semicolon; (B) by redesignating paragraph (11) as paragraph (12)