Education Department uncovers $1.3B in foreign university funding
An Education Department investigation revealed universities failed to report more than a billion dollars in foreign funding, which officials believe is only a sliver of the unreported overseas donations flowing onto campuses.
Education Secretary Betsy DeVos told the Washington Examiner she had launched a preliminary investigation into six universities but already turned up an alarming $1.3 billion in foreign funding over the past seven years from nations such as China, Russia, and Qatar that the schools hadnât told the federal government about, despite their legal requirement to do so.
âIt is already a reporting requirement for schools to report all foreign contributions. From my perspective, itâs a simple requirement: Report all foreign money you get.â DeVos said. âWeâre going to continue to raise the flag on this, and we think, just given what weâve seen scratching the surface, thereâs a lot...
""It revealed China used its Thousand Talents Program over the past two decades to exploit access to U.S. research labs and academic institutions. âChina unfairly uses the American research and expertise it obtains for its own economic and military gain," they said, criticizing the federal government's failure to combat the problem.""
So that's how China has advanced and progressed so quickly and covertly!!
I assume the reason for the Education Departments interest is so that they can tax the universities??