1. Short title This Act may be cited as the Safeguarding American Education From Foreign Control Act . 2. Disclosures of foreign gifts (a) Additional disclosures required Section 117 of the Higher Education Act of 1965 ( 20 U.S.C. 1011f ) is amended— (1) by amending subsection (a) to read as follows: (a) Disclosure report (1) In general Whenever any institution is owned or controlled by a foreign source, or receives a gift from or enters into a contract with a foreign source that equals or exceeds the threshold value described in paragraph (2), the institution shall file a disclosure report with the Secretary on January 31 or July 31, whichever is sooner. (2) Threshold value For purposes of this subsection, the threshold value of a gift from or contract with a foreign source is— (A) in the case of a foreign source that is not associated with a covered nation, $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year; and (B) in the case of a foreign source that is associated with a covered nation, a gift or contract of any value. ; (2) by redesignating subsections (d) through (h) as subsections (e) through (i), respectively; (3) by inserting after subsection (c) the following: (d) Additional submissions; reporting (1) Transmission of reports, documents, and records Not later than 10 days after receiving a disclosure report, document, or other record from an institution under this section, the Secretary shall transmit a copy of such report, document, or record to the Director of the Federal Bureau of Investigation and the Director of National Intelligence. (2) Report to the Secretary of State The Secretary of Education shall transmit periodic reports to the Secretary of State regarding disclosures made under this section.