1. Short title This Act may be cited as the Think Tank Transparency Act . 2. Findings Congress finds the following: (1) Think tanks have provided Congress and the Administration with a wealth of research and scholarship that largely has benefitted the American public by improving the drafting, enactment, and enforcement of U.S. policy. (2) There is broad bipartisan agreement that think tanks possess enormous influence on the passage and enforcement of policies, particularly those that relate to foreign policy. (3) In recent years, foreign funding of think tanks has increased substantially. (4) Congress, the Administration, and especially the American people have a right to know which think tanks receive foreign funds and to assess for themselves the extent that foreign influence should be considered when analyzing the credibility and value of research and scholarship produced by such organizations that receive foreign funds. (5) The House has already recognized the national security issues inherent in undue foreign influence of entities with covert sources of foreign funding who testify before Congress. Since 2015, individuals who testify before the U.S. House of Representatives have been required to disclose relevant foreign funding sources directed to them or their employers in Truth in Testimony disclosure forms. (The original looser requirement was enacted in 1997). (6) Over 30 years ago, Congress enacted section 117 of the Higher Education Act of 1965 (HEA) in light of concerns about the growing financial relationship between U.S. universities and foreign sources. Congress balanced academic freedom and national security by mandating financial transparency through required reporting of contracts with and gifts from a foreign source. (7) Section 117 does not prohibit institutions from taking foreign money