State Department Partners With Education Department on Section 117 Foreign Gift and Contract Reporting

On Feb. 23, 2026, the U.S. Department of Education (the Department) announced a new interagency partnership with the U.S. Department of State (State Department) to share responsibilities for oversight of Section 117 of the Higher Education Act, which requires institutions of higher education to disclose foreign gifts and contracts valued at $250,000 or more to the federal government.... By: McGuireWoods LLP