REPORT: Probe into colleges uncovers BILLIONS in unreported funds from two controversial countries.

MAY 22, 2020

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A probe by the Department of Education into colleges that accept foreign investments and donations has uncovered $6 billion of previously unreported foreign donations from US adversaries including China and Russia, a report said Friday.

House Republicans were monitoring the investigation into the schools to determine of they were violating Section 117 of the Higher Education Act of 1965, which prohibits an “Institution of Higher Learning” from failing to properly report foreign gifts of $250,000 or more, Town Hall reported.

The article goes on to state the following:

In a letter from the department obtained by the website, General Counsel Reed Rubinstein said that while some colleges recognized that foreign cash from US adversaries could pose a security risk, others had become addicted to the money.

Townhall reports:

In the letter, which was obtained by Townhall, from the DoE’s Office of the General Counsel that was sent to Congress on May 19, they wrote, “Some IHE leaders are starting to acknowledge the threat of foreign academic espionage and have been working with federal law enforcement to address gaps in reporting and transparency. However, the evidence suggests massive investments of foreign money have bred dependency and distorted the decision making, mission, and values of too many institutions.”

“The Department shares Congress’ concerns regarding unreported and unregulated foreign direct investment into the U.S. higher education system, and the potential for foreign sources to use strategic investments to turn American college campuses into indoctrination platforms,” they added.

“This is not a partisan problem. This is an American problem,” a GOP source with knowledge of the matter told Townhall.

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