119th Congress Taxation
H.R. 9772: Foreign Funding Transparency Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires certain organizations exempt from federal income tax to report to the Internal Revenue Service (IRS) information related to contributions received from foreign nationals.
The bill applies to tax-exempt organizations described in Section 501(c) of the Internal Revenue Code (e.g., charities, social welfare organizations, labor organizations, and business or civics leagues) with (1) gross receipts for the preceding tax year of $200,000 or more, or (2) assets (determined at the close of the preceding tax year) of $500,000 or more.
Such tax-exempt organizations that are required to file a Form 990 series information return with the IRS must report (1) the aggregate amount of contributions received during the tax year from foreign nationals, and (2) the portion of those contributions received from foreign nationals from China, Iran, Korea, or Russia.
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Under the bill, a tax-exempt organization may rely on the representation of the donor as to nationality unless the organization knows or should know that such representation is false.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Randall Fine R-FL
Who scored on this bill
- 1David Schweikert SponsorIntroduced, marked up, reported3 events+32
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by David Schweikert
- H.R. 7972: Taxpayer Workforce Modernization Act
- H.R. 7971: Taxpayer Experience Improvement Act
- H.R. 4242: Innovate Less Lethal to De-Escalate Tax Modernization Act
- H.R. 1607: To clarify jurisdiction with respect to certain Bureau of Reclamation pumped storage development, and for other purposes.
- H.R. 8261: Preserving Telehealth, Hospital, and Ambulance Access Act
- H.R. 8293: American Donor Privacy and Foreign Funding Transparency Act
History
- Introduced in the House by David Schweikert.
Show the full action history (6 actions)
- Reported (Amended) by the Committee on Ways and Means. H. Rept. 119-765.
- Placed on the Union Calendar, Calendar No. 666.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 18.
- Introduced in House
- Referred to the House Committee on Ways and Means.