Requires certain tax-exempt organizations to report to the IRS how much they receive from foreign nationals each year, broken out by foreign country of concern.

Official title: Foreign Funding Transparency Act

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 18-JUL-2026

Referred 18-JUL-2026

Approved by committee 22-JUL-2026

Reported 27-AUG-2026

On the calendar 27-AUG-2026

Key points

Covers 501(c) organizations with gross receipts of at least $200,000 or assets of at least $500,000 in the preceding taxable year.
Requires reporting the total contributions from foreign nationals, plus separate amounts for each foreign country of concern.
Lets an organization rely on a donor's stated nationality unless it knows or should have known the statement is false.
Applies to returns for taxable years beginning more than one year after enactment and lets the Treasury Secretary set how organizations collect the information.

AI-generated from the Reported in House text of 27-AUG-2026 · verify · report an error

Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (18-JUL-2026); the text has changed since (Reported in House, 27-AUG-2026).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov

Committee referrals (1)

Ways and Means Committee (House)

Policy area

Taxation

Sponsor David Schweikert (R-AZ) Cosponsors · 1

■ 1 R

1 Republican

Randy Fine

congress.gov page Reported in House (27-AUG-2026) Introduced in House (18-JUL-2026)