H.R. 1048, also known as the "DETERRENT Act," aims to amend the Higher Education Act of 1965 by strengthening disclosure requirements for foreign gifts and contracts to U.S. higher education institutions. It requires colleges and universities to report any substantial gifts...
Simple Explanation
The "DETERRENT Act" is a plan to make sure colleges tell everyone when they get big gifts or deals, especially from places we should be careful about, and if they don't play by the rules, they could get fined a lot of money.