LegisTrack
Back to all bills
HR 1023119th CongressIn Committee

RIFA Act

Introduced: Feb 5, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs

Requires disclosure of foreign investments in higher education endowments exceeding $250 million from countries or entities of concern.

Key Points

  • 1Applies to private institutions with endowments over $6 billion or foreign investments over $250 million
  • 2Mandates annual reporting of investments in foreign countries/entities of concern
  • 3Establishes searchable public database of reported investments
  • 4Imposes significant fines for non-compliance (50-100% for first violations, 100-200% for subsequent)
  • 5Requires institutions to designate compliance officer
  • 6Includes enforcement through civil actions and potential loss of federal program eligibility

Impact Areas

Private universities and collegesHigher education endowmentsFederal student aid programsNational security oversightForeign investment transparency
Generated by kwaipilot/kat-coder-pro:free on Nov 21, 2025