; or (B) an entity organized under the laws of the United States or of any jurisdiction within the United States. 3. Prohibitions relating to higher education (a) Prohibition on covered relationships (1) In General An institution of higher education, including any member of the faculty or staff of an institution of higher education, that receives Federal funds— (A) shall not enter into or maintain a covered relationship with a covered person; and (B) shall establish and maintain a policy to— (i) prohibit faculty and staff of the institution from entering into or maintaining covered relationships with covered persons; (ii) require faculty and staff to report to the institution covered relationships with foreign sources; and (iii) provide guidance to faculty and staff to help faculty and staff— (I) take preventative actions regarding covered relationships with covered persons; and (II) identify existing covered relationships with covered persons. (2) Enforcement Upon determination, after reasonable notice and opportunity for a hearing, that an institution of higher education has knowingly violated subparagraph (A) of paragraph (1), including by failing to exercise reasonable oversight over its faculty and staff with respect to preventing a violation of subparagraph (A) of paragraph (1)— (A) the Secretary may suspend or terminate the eligibility status for any or all Federal funding (including funding under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. )) of any otherwise eligible institution, in accordance with procedures specified in such Act as applicable, until the Secretary finds that such practices have been corrected