Mr. Chair, the definition of a ``foreign entity of concern'' in this bill would include any company subject to the jurisdiction or direction of a government like China's. While constructive, there is still nothing in the underlying text of this bill and nothing within the definition of a ``foreign entity of concern'' that would automatically refer to the section 1260H list of Chinese military companies. Since the section 1260H list is something that the Secretary of Defense is instructed to update, it is possible that there is a natural delay as to when Chinese military companies are designated as foreign entities of concern for the purposes of this act. This amendment provides clarity and ensures that any U.S. college or university entering into a contract with or receiving a donation from a section 1260H list company is required to first receive a section 117A waiver from the Department of Education. Again, the reporting threshold for foreign entities of concern is zero, meaning that a gift or contract of any size or scope has to be reported. Mr. Chair, this is about accountability. We know that they are here to steal our secrets. We know that they want to undermine us. As we go into the next phase of warfare that is not just on the battlefield but is cyber war and its capabilities therein, we know that China is aggressive in these spaces. They are in our universities. They are on our campuses. They want to steal this information.…
On the recordMarch 25, 2025
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