To amend the Foreign Agents Registration Act of 1938 to limit the exemption from the registration requirements of such Act for persons engaging in activities in furtherance of bona fide religious, scholastic, academic, or scientific pursuits or the fine arts to activities which do not promote the political agenda of a foreign government, to amend the Higher Education Act of 1965 to clarify the disclosures of foreign gifts by institutions, and for other purposes.

Foreign Influence Transparency Act This bill amends the Foreign Agents Registration Act of 1938 to limit the exemption from foreign agent registration with the Department of Justice for a person engaging in activities in furtherance of religious, scholastic, academic, or scientific pursuits or of the fine arts to only those activities that do not promote a foreign government's political agenda. The Higher Education Act of 1965 is amended to require institutions to report to the Department of Education a gift or contract from a foreign source whose annual value is $50,000 or more. The fair market value of in-kind-gifts is included in such limit. Currently, a report is due if the annual value is $250,000 or more, considered alone or in combination with all other gifts from or contracts with a foreign source.