Any specified tax-exempt organization that makes any disqualified political committee contribution must pay a penalty equal to twice the amount of that contribution.

Definition of “disqualified political committee contribution”: with respect to any organization described in section 501(c), any contribution by that organization to a political committee (as defined in section 301 of the Federal Election Campaign Act of 1971) if the organization received, during any testing period, any contribution or gift from a foreign national (as defined in section 319(b) of the Federal Election Campaign Act).

Definition of “testing period”: for any contribution by an organization described in section 501(c), the testing period is the 8-year period ending on the date of the contribution, except the period does not include any time before the date of enactment of this section.

Definition of “specified tax-exempt organization”: for a taxable year, an organization described in section 501(c) and exempt under section 501(a) whose gross receipts for the taxable year equal or exceed $200,000, or whose assets (as of the close of the taxable year) equal or exceed $500,000.

Coordination rule for organizations lacking exemption solely under section 501(s): an organization that is not exempt under section 501(a) solely because of section 501(s) is treated as exempt for purposes of the specified-organization definition with respect to the first 3 disqualified political committee contributions.