Last progress March 21, 2025 (8 months ago)
Introduced on March 21, 2025 by Nicole Malliotakis
Referred to the House Committee on Ways and Means.
This bill aims to keep foreign money out of U.S. elections by tightening rules on certain nonprofits. If a tax‑exempt nonprofit gives money to a political committee after it has taken any money from a foreign national in the last eight years, it must pay a penalty equal to twice the amount it gave. The bill uses existing federal definitions of “political committee” and “foreign national” to decide what counts. The eight‑year “testing period” ends on the date of the nonprofit’s contribution and does not include any time before the law takes effect.
It applies only to larger nonprofits under section 501(c): those with at least $200,000 in yearly gross receipts or at least $500,000 in assets. The law also coordinates this penalty with tax‑exempt status rules so the penalty can still apply in certain early cases even if the group’s exemption is revoked for this conduct.