Foreign Funding Transparency Act
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.
This bill, HB9772, proposes to update the Internal Revenue Code to require certain tax-exempt organizations to disclose information about foreign contributions they receive. This includes details like the source of the funds and the purpose of the contributions. The goal is to increase transparency and ensure these organizations are not influenced by foreign interests.
The bill would primarily affect tax-exempt organizations that receive contributions from foreign sources. These organizations would need to report this information to the IRS and potentially to the public, depending on the specifics of the bill. This aims to prevent any undue influence from foreign entities and ensure the organizations operate in the public interest.
As of July 18, 2026, HB9772 was introduced in the House and referred to the House Committee on Ways and Means. On July 22, 2026, the committee held a consideration and mark-up session, and the bill was ordered to be reported in the nature of a substitute (amended) with a vote of 23-18. The next steps involve further House consideration and possible amendments before it can move to the Senate for review.
