Foreign Funding Transparency Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9772 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9772

  To amend the Internal Revenue Code of 1986 to require disclosure by 
  certain tax-exempt organizations of information relating to foreign 
                  contributions to such organizations.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 18, 2026

Mr. Schweikert introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL

 
  To amend the Internal Revenue Code of 1986 to require disclosure by 
  certain tax-exempt organizations of information relating to foreign 
                  contributions to such organizations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foreign Funding Transparency Act''.

SEC. 2. ANNUAL DISCLOSURE OF DATA ON CONTRIBUTIONS RECEIVED BY TAX-
              EXEMPT ORGANIZATIONS FROM FOREIGN SOURCES.

    (a) Reporting Requirement.--Section 6033 of the Internal Revenue 
Code of 1986 is amended by redesignating subsection (p) as subsection 
(q) and by inserting after subsection (o) the following new subsection:
    ``(p) Contributions Received From Foreign Sources.--
            ``(1) In general.--Every specified tax exempt organization 
        shall include on the return required under subsection (a) the 
        following information:
                    ``(A) The aggregate amount of contributions 
                received from foreign nationals (as defined in section 
                319(b) of the Federal Election Campaign Act of 1971) 
                during the taxable year.
                    ``(B) The aggregate amount of contributions 
                received from foreign nationals (as so defined) stated 
                separately with respect to each foreign country of 
                concern (as defined in section 10612 of the Research 
                and Development, Competition, and Innovation Act) 
                during the taxable year.
            ``(2) Identification of foreign country of contribution.--
        For purposes of this subsection, the foreign country with 
        respect to which a contribution is received is--
                    ``(A) in the case of a contribution made by an 
                individual, each foreign country of which such 
                individual is a citizen, and
                    ``(B) in the case of any other contribution, the 
                foreign country under the laws of which the person 
                making such contribution was created or organized.
            ``(3) Specified tax exempt organization.--For purposes of 
        this subsection, the term `specified tax exempt organization' 
        means, with respect to any taxable year, any organization 
        described in section 501(c) if--
                    ``(A) the gross receipts of such organization for 
                the preceding taxable year equal or exceed $200,000, or
                    ``(B) the assets of such organization (determined 
                as of the close of such preceding taxable year) equal 
                or exceed $500,000.
            ``(4) Reliance on representation.--For purposes of this 
        subsection, an organization may rely on the representation of a 
        donor as to the nationality of such donor unless such 
        organization knows or should have known that such 
        representation is false.
            ``(5) Regulations.--The Secretary may require specified tax 
        exempt organizations to collect such information from foreign 
        nationals who make contributions to such organizations at such 
        time and in such manner as the Secretary determines appropriate 
        for the purposes of this subsection.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to returns filed for taxable years beginning after the date that 
is 1 year after the date of the enactment of this Act.
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