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 subsection (a), the threshold value of a gift from or contract from 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 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. ; and (4) in subsection (i), as so redesignated— (A) by redesignating paragraphs (1) through (5) as paragraphs (2) through (6); and (B) by inserting before paragraph (2), as so redesignated, the following new paragraph: (1) the term covered nation has the meaning given that term in section 4872(d)(2) of title 10, United States Code