US HB7894

Restructures the Harry S Truman Scholarship Foundation Board of Trustees to 13 members with bipartisan balance requirements, dissolving the existing board 90 days after enactment and requiring no more than four of eight presidential appointees be from the same political party

Establishes Regional Review Panels with at least five members each to select scholarship recipients, requiring two-thirds Board approval for appointments and prohibiting more than half of panel members from the same party

Adds eligibility requirements for scholars including U.S. citizenship, enrollment in graduate-qualifying programs, and academic excellence, while disqualifying students with felony convictions, institutional suspensions, or leadership roles in organizations expelled from their institutions

Requires scholarship termination and repayment with 6% interest for recipients who fail to submit required reports, provide false information, are convicted of felonies, or fail to work in public service for three of the first seven years after completing their graduate degree

Mandates transparency by requiring the Foundation to preserve and publicly post press releases, program announcements, and scholar biographies on its website, with any edits clearly identified and original versions retained