What is the current status of HR 3284?

HR 3284 is currently: Introduced.

Who sponsored HR 3284?

HR 3284 was sponsored by Brandon Gill (R), Rep.

Foreign Gift Reporting and Tax Bill

IntroducedMay 8, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of s

Why This Matters

This bill aims to ensure that colleges and universities properly report foreign gifts and imposes taxes on certain contributions from foreign countries of concern. It helps increase transparency and accountability in higher education funding.

If you attend a college that receives foreign donations, your school may face stricter reporting rules and higher taxes on those funds.

Who this affects

Students · Colleges and universities

What changes is this bill making?

1This bill requires audits of colleges and universities for foreign gift disclosures every two years.
2The Secretary of Education will prioritize audits for certain institutions based on specific criteria.
3Institutions found not complying will have to report details about underreported or overreported foreign gifts.
4The bill imposes a 300 percent tax on income from foreign countries of concern for certain educational institutions.
5Reports from these audits will be made public and submitted to Congress.

Last changed 25 days ago · checked hourly

Foreign Gift Reporting and Tax Bill

IntroducedMay 8, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Why This Matters

If you attend a college that receives foreign donations, your school may face stricter reporting rules and higher taxes on those funds.

Who this affects

Students · Colleges and universities

What changes is this bill making?

1This bill requires audits of colleges and universities for foreign gift disclosures every two years.
2The Secretary of Education will prioritize audits for certain institutions based on specific criteria.
3Institutions found not complying will have to report details about underreported or overreported foreign gifts.
4The bill imposes a 300 percent tax on income from foreign countries of concern for certain educational institutions.
5Reports from these audits will be made public and submitted to Congress.

Last changed 25 days ago · checked hourly