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.
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.
“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,” the letter said.
“However, the evidence suggests massive investments of foreign money have