Amends the Internal Revenue Code of 1986 to require tax-exempt organizations to report contributions from foreign sources.
Organizations must report whether they accepted foreign contributions, the aggregate amount received, the country of citizenship or principal place of business of the foreign source, and the aggregate amount of contributions grouped by source country.
Defines “foreign source” as any foreign principal or agent of a foreign principal, excluding U.S. citizens under certain conditions.
Requires the Secretary of the Treasury to make the reported information publicly available in a searchable database, including the name of the organization.
Prohibits federal entities from collecting or requiring the submission of donor information to tax-exempt organizations, with exceptions for lawful actions by the IRS, the Secretary of the Senate, the Clerk of the House of Representatives, the Federal Election Commission, or pursuant to a lawful court or administrative order.
Prohibits federal entities from disclosing donor information to the public, with similar exceptions as above.
Establishes penalties for unauthorized disclosure of donor information, including fines up to $250,000, imprisonment for up to 5 years, and potential dismissal from office or employment for offending officers or employees of the United States.