To amend the Higher Education Act of 1965 to require institutions of higher education to disclose foreign gifts.

Amends the Higher Education Act of 1965 to require institutions of higher education to disclose gifts from or contracts with foreign sources in reports to the Secretary of Education.

Sets forth provisions for: (1) report contents; (2) additional disclosures for restricted and conditional foreign gifts or contracts; (3) relation to other reporting requirements; (4) public inspection of such reports; and (5) enforcement and regulations.