Sponsors (2)
The bill increases transparency and gives authorities more country-level data on foreign funding to nonprofits, while imposing new reporting burdens and privacy risks that could reduce foreign donations and strain nonprofit resources.
Nonprofits and taxpayers will gain increased transparency about aggregate foreign-sourced contributions to U.S. tax-exempt organizations, improving public visibility into foreign funding.
IRS and Treasury will receive better country-level data on foreign contributions, helping authorities identify potential foreign influence tied to specific countries of concern.
Very small charities (those under the bill's thresholds) will be exempt from the new reporting requirements, reducing compliance burdens on the smallest nonprofit organizations.
Nonprofits required to comply will incur added administrative and verification costs to collect, verify, and report donor nationality data, increasing operating expenses.
Nonprofits and program beneficiaries may lose funding because organizations could decline or avoid foreign donations to reduce reporting burdens or reputational risk, reducing services for communities and taxpayers who rely on them.
Foreign national donors and immigrant communities may face privacy risks if organizations collect and retain nationality information, which could chill donations from these groups.
Based on analysis of 2 sections of legislative text.
Requires larger 501(c) organizations to report aggregate foreign contributions and amounts by country on Form 990.
Official title: 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.
Introduced July 18, 2026 by David Schweikert · Last progress July 18, 2026
Requires larger tax-exempt organizations to report aggregate contributions from foreign nationals on their annual IRS information return (Form 990). Reports must include total foreign contributions and totals broken out by each "foreign country of concern," with rules for identifying a donor's country and limited reliance on donor representations. Applies to organizations described in IRC 501(c) with prior-year gross receipts of at least $200,000 or prior-year assets of at least $500,000. The rule takes effect for taxable years beginning more than one year after enactment and authorizes the Treasury to issue rules about collection timing and methods.