42 U.S.C. § 19040 — Foreign financial support

(a) In general. Every year, the Director must ask each college that gets a Foundation award to disclose, in a summary document, any financial support worth $50,000 or more that the college, its foundation, or related entities (like a school's educational, cultural, or language programs) received — directly or indirectly — from a foreign source connected to a foreign country of concern. This covers both gifts and contracts. (b) Records. Whenever a college makes this disclosure, it must also keep a true copy of the underlying records. It must hold onto them until the latest of: four years after the date of the agreement; the date the agreement ends; or however long any applicable state public records law requires such records to be kept. (c) Documentation. After reviewing these disclosures, the Director may ask the college to hand over true copies of the actual contracts, agreements, or financial transaction records behind them. (d) Office of the Inspector General. Acting through the Office of Research Security and Policy, working with the Foundation's own Inspector General and talking with the college involved, the Director may cut an award's funding, or suspend or end it, if the Director finds either that the college failed to keep records as required by subsection (b) or failed to hand over requested information, or that the Chief of Research Security has determined the disclosures show a threat to research security.