(a) An institution of higher education shall maintain for at least three years, or any longer period of time required by applicable federal or state law, records relating to employment-related foreign travel to and activities involving a foreign adversary by a faculty member, researcher, or research department staff member of the institution, including:
(1) each foreign travel request and approval;
(2) expenses reimbursed by the institution for foreign travel, including for travel, food, and lodging;
(3) payments and honoraria received during foreign travel and activities, including for travel, food, and lodging;
(4) a statement of the purpose of each foreign travel; and
(5) any record related to the foreign activity review.
(b) An institution of higher education shall annually submit to the institution's governing board a report on employment-related foreign travel by a faculty member, researcher, or research department staff member of the institution to a foreign adversary. The report must list each traveler, foreign location visited, and foreign institution visited.