H.R. 9772 · On the floor · Taxation

Foreign Funding Transparency Act

What it does

Require tax-exempt organizations with gross receipts of $200,000 or more or assets of $500,000 or more to report aggregate foreign-national donations to the IRS.
Mandate disclosure of the portion of foreign donations received from nationals of China, Iran, Korea, or Russia on Form 990 filings.
Allow organizations to rely on donor representations of nationality unless the organization knows or should know the representation is false.

Official summary

Foreign Funding Transparency Act 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. 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.

Latest action

Aug 27, 2026: Placed on the Union Calendar, Calendar No. 666.

Committee: House Ways and Means