H.R. 9772
Foreign Funding Transparency Act
Sponsor: David Schweikert
1 cosponsor
Official summary
Written by the Congressional Research Service.
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.
Text of the bill
Where this section came from
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Jul 18, 2026 · Introduced in House Referred to House Committee on Ways and Means, Jul 18
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Aug 27, 2026 · Reported in House Marked up by House Committee on Ways and Means, Jul 22 Reported by House Committee on Ways and Means, Aug 27 Committee members' individual votes aren't in our records.
… 15 unchanged passages …
(b) Effective date. The amendments made by
this
subsection
section
(a)
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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(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 subsection (a) 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.