Banks, Rubio introducing blanket ban on Pentagon funding for schools hosting CCP-tied Confucius Institutes

Banks wrote that in"Sec. 1062 of the FY2021 NDAA, Congress prohibited the DOD from providing any funding to any institution of higher education that hosts a Confucius Institute after October 1, 2023" and that the"prohibition followed a more limited provision in the FY2019 NDAA."

"The waivers that DOD grants to universities to continue operating with CIs can theoretically last for an unlimited duration. Per the guidance, DOD also relies on the host universities, which often want to preserve their Confucius Institutes, to notify DOD of any changes to their contract with their CI before DOD reviews their waivers.

A plaque and a flag hang outside the China Institute, home of the Confucius Institute, at 125 E 65th Street in New York, U.S., on Monday, Nov. 26, 2007.

Source: Law Daily Report (lawdailyreport.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese 'palm pay' technology rollout brings CCP closer to 'total social control' of citizens: Gordon ChangGordon Chang says Tencent's new biometric palm payment technology brings the Chinese Communist Party one step closer to “total social control' of its citizens.
Source: FoxNews - 🏆 9. / 87 Read more »

Insider buying in US regional banks at 3-year high as execs look to bolster confidenceRegional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor confidence in their firms following the collapse of Silicon Valley Bank.
Source: Reuters - 🏆 2. / 97 Read more »

Report Details Devastating Impacts of Development Banks' Factory Farm Financing in Ecuador'Public development banks must stop propping up a failing system, stand alongside Indigenous groups, and stop financing factory farming,' said KariHamerschlag of foe_us. PRONACAContamina.
Source: commondreams - 🏆 530. / 51 Read more »

US banks could face 20% capital hike under new global rulesU.S. banks could face capital hikes of as much as 20% under new rules being prepared by U.S. regulators as part of a global effort to harmonize capital requirements, a person familiar with the matter said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »

Microsoft-backed Rubrik hires banks for IPO -sourcesRubrik Inc, a U.S. cybersecurity software startup backed by Microsoft Corp and valued at $4 billion in a fundraising round two years ago, has hired banks for an initial public offering, four people familiar with the matter said.
Source: Reuters - 🏆 2. / 97 Read more »

Top banks may have to boost their capital buffers by 20%, report saysTop banks may have to increase their capital buffers by 20%, report says
Source: BusinessInsider - 🏆 729. / 51 Read more »