H.R. 2265
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to impose penalties with respect to contributions to political committees from certain tax exempt organizations that receive contributions from foreign nationals.
IN THE HOUSE OF REPRESENTATIVES · March 21, 2025 · Sponsor: Ms. Malliotakis · Committee: Committee on Ways and Means
Table of contents
Sec. 6720D. Contributions to political committees from certain tax exempt organizations that accept contributions from foreign nationals.
- (a) In general
- Any specified tax exempt organization that makes any disqualified political committee contribution shall pay a penalty equal to twice the amount of such contribution.
- (b) Disqualified political committee contribution
- For purposes of this section—
- (1) In general
- The term means, with respect to any organization described in section 501(c), any contribution made by such organization to a political committee (as defined in section 301 of the Federal Election Campaign Act of 1971 ()) if such organization received, during any testing period, any contribution or gift (within the meaning of section 6033(b)(5)) from a foreign national (as defined in section 319(b) of the Federal Election Campaign Act of 1971 ()).
disqualified political committee contribution52 U.S.C. 30101; 52 U.S.C. 30121(b)
- The term means, with respect to any organization described in section 501(c), any contribution made by such organization to a political committee (as defined in section 301 of the Federal Election Campaign Act of 1971 ()) if such organization received, during any testing period, any contribution or gift (within the meaning of section 6033(b)(5)) from a foreign national (as defined in section 319(b) of the Federal Election Campaign Act of 1971 ()).
- (2) Testing period
- The term means, with respect to any contribution by an organization described in section 501(c), the 8-year period ending on the date of such contribution, except that such period shall not include any period before the date of the enactment of this section.
testing period
- The term means, with respect to any contribution by an organization described in section 501(c), the 8-year period ending on the date of such contribution, except that such period shall not include any period before the date of the enactment of this section.
- (c) Specified tax exempt organization
- For purposes of this section—
- (1) In general
- The term means, with respect to any taxable year, any organization described in section 501(c) and exempt from tax under section 501(a) if—
specified tax exempt organization- the gross receipts of such organization for such taxable year equal or exceed $200,000, or
- the assets of such organization (determined as of the close of such taxable year) equal or exceed $500,000.
- The term means, with respect to any taxable year, any organization described in section 501(c) and exempt from tax under section 501(a) if—
- (2) Coordination with revocation of tax exempt status by reason of making disqualified political committee contributions
- An organization which is not exempt from tax under section 501(a) solely by reason of section 501(s) shall be treated for purposes of paragraph (1) of this subsection as exempt from tax under section 501(a) with respect to the application of this section to the first 3 disqualified political committee contributions of such organization.