# 119-hr-1023: RIFA Act

119-hr-1023, RIFA Act, is a 119th Congress bill sponsored by Rep. Owens, Burgess [R-UT-4] (R-UT); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1023
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1023
- Congress: 119
- Title: RIFA Act
- Status: introduced
- Introduced: 2025-02-05
- Sponsor: Rep. Owens, Burgess [R-UT-4] (R-UT)
- Cosponsors: 1
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would require large private colleges to publicly report investments tied to foreign countries or entities deemed a national security concern.** It creates a new annual Investment Disclosure Report, a public searchable database, civil enforcement tools, fines, and program-eligibility penalties.

## Cosponsors (1)

- Rep. Harris, Mark [R-NC-8] (R-NC), 2025-02-05T00:00:00.000Z

## Provisions PRIA read

- Repeated violations block college program access: cost, high. If enacted, a college that violates these rules for three straight institutional fiscal years would lose access to programs under this title for at least two institutional fiscal years. Students at that school could see fewer federally supported programs or services during that period. To regain el…
- Heavy fines for colleges that hide investments: cost, high. If enacted, the Secretary would investigate serious reporting failures and could ask the Attorney General to sue to force compliance. A school made to comply would have to pay all investigation and enforcement costs. For a first knowing or willful failure in a year, the fine would be 50% to 100% of…
- Large private colleges must report foreign investments: mixed, low. If enacted, large private colleges would have to file a yearly report on investments of concern tied to certain foreign countries or entities. A school would be covered if its non‑exempt assets are over $6 billion, or if it holds over $250 million in such investments at year‑end. By July 31 each ye…

## Related bills

- 119-hr-687: MERIT Act of 2025
- 119-hr-4323: Trafficking Survivors Relief Act
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-6976: Duty Status Reform Act
- 119-hr-5883: Safer Supervision Act of 2025
- 119-hr-2528: Association Health Plans Act

## Sources
- [119-hr-1023 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1023)

## Related
- [119-hr-687: MERIT Act of 2025](https://policyrisk.com/legislation/119-hr-687)
- [119-hr-4323: Trafficking Survivors Relief Act](https://policyrisk.com/legislation/119-hr-4323)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-6976: Duty Status Reform Act](https://policyrisk.com/legislation/119-hr-6976)
- [119-hr-5883: Safer Supervision Act of 2025](https://policyrisk.com/legislation/119-hr-5883)
- [119-hr-2528: Association Health Plans Act](https://policyrisk.com/legislation/119-hr-2528)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1023 (as of 2026-04-21).