The House has passed H.R. 1049 - TRACE Act. This bill was introduced by Representative Aaron Bean.
The vote was 247-166.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's H.R. 1049 bill page.
Here is a short summary of a March 5, 2025 version of the bill.
H.R. 1049 - TRACE Act Summary
The bill, known as the Transparency in Reporting of Adversarial Contributions to Education Act (TRACE Act), aims to enhance parental awareness regarding foreign influence in public schools. Here is a breakdown of what the bill proposes:
Parental Rights to Information
Under the TRACE Act, local educational agencies must ensure that each elementary and secondary school provides parents with specific rights concerning foreign influence. This includes:
- Review of Materials: Parents are entitled to review and make copies of curricular or professional development materials used at their child's school that were purchased or obtained with funds from foreign governments or entities. This access must be granted every four weeks and within 30 days of a parent’s request.
- Compensation Disclosure: Schools must inform parents, within 30 days of a request, about the number of personnel whose salaries are partly funded by foreign entities.
- Transparency on Donations and Agreements: Schools must disclose any donations received from foreign entities, any written agreements with them, and any financial transactions, along with the name of the foreign country or entity and the amount of funds received.
Notifications and Summaries
At the start of each school year, schools are required to:
- Post on their websites, or disseminate to the public, a summary notice of parents' rights regarding foreign influence, as outlined by the bill.
- State educational agencies must inform local educational agencies of these requirements to ensure compliance.
Definitions
The bill defines key terms, including:
- Foreign Country: Includes any foreign country or its possessions, excluding U.S. territories.
- Foreign Entity of Concern: This term is defined in the Research and Development, Competition, and Innovation Act, encompassing specific foreign entities that may pose risks of adversarial influence.
Funding Requirements
To qualify for certain federal education funds, local educational agencies must comply with the transparency requirements stipulated in the TRACE Act.
Relevant Companies
None found.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Representative Aaron Bean Bill Proposals
Here are some bills which have recently been proposed by Representative Aaron Bean:
- H.R.5873: PROMPT Act
- H.R.5872: Medical License Verification Act
- H.R.5871: We Want Our Healthcare Money Back Act of 2025
- H.R.5455: Aviation Funding Stability Act of 2025
- H.R.4755: LEO K9 Protection Act
- H.R.4311: Delivering On Government Efficiency in Spending Act
You can track bills proposed by Representative Aaron Bean on Quiver Quantitative's politician page for Bean.
Representative Aaron Bean Net Worth
Quiver Quantitative estimates that Representative Aaron Bean is worth $2.0M, as of December 4th, 2025. This is the 253rd highest net worth in Congress, per our live estimates.
Bean has approximately $346.5K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Aaron Bean's net worth on Quiver Quantitative's politician page for Bean.
