Bobby Scott: “I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is…”

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 1, strike line 1 and all that follows through page 60, line 6 and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``DETERRENT Act of 2025''. SEC. 2. DISCLOSURES OF FOREIGN GIFTS AND CONTRACTS. Section 117 of the Higher Education Act of 1965 (20 U.S.C. 1011f) is amended to read as follows: ``SEC. 117. DISCLOSURES OF FOREIGN GIFTS AND CONTRACTS. ``(a) Disclosure Reports.-- ``(1) Aggregate gift and contract disclosures.--An institution shall file a disclosure report described in subsection (b) with the Secretary not later than July 31 of the calendar year immediately following any calendar year in which-- ``(A) the institution receives a gift from, or enters into a contract with, a foreign source, the value of which is $100,000 or more, considered alone or in combination with all other gifts from, or contracts with, that foreign source within the calendar year; or ``(B) the institution receives a gift from, or enters into a contract with, a foreign source, the value of which totals $250,000 or more, considered alone or in combination with all other gifts from, or contracts with, that foreign source over the previous 3 calendar years.…”