Sponsors (5)
The bill improves transparency to help detect and deter foreign (especially PRC) influence in U.S. tax-exempt groups, but does so by imposing new disclosure and compliance burdens that may chill donations and academic/cultural exchanges, raise privacy concerns, and create diplomatic risks.
American voters, policymakers, and the public: a searchable public disclosure of aggregate foreign-government (especially PRC-related) funding and donor identities over $10,000 makes it easier to detect and deter covert foreign influence.
Nonprofits, policy researchers, and state governments: increased transparency about foreign donations helps assess conflicts of interest in policy research and cultural programs, improving accountability for organizations that inform public policy.
Donors and the public: clearer public reporting of sizable foreign funding (> $10,000) increases accountability about who is financing U.S. tax-exempt groups.
Nonprofit organizations (think tanks, cultural groups, universities): new reporting and disclosure requirements will raise compliance costs and administrative burdens (including Form 990 recordkeeping).
Donors (domestic and foreign) and recipient organizations: public naming of donors and publishing amounts > $10,000 risks donor privacy and may chill legitimate philanthropic support, academic collaboration, and cultural exchange.
American taxpayers and U.S. foreign policy: singling out the People’s Republic of China and related entities for special public reporting could complicate diplomacy, provoke reciprocal measures, or be perceived as politically motivated.
Based on analysis of 3 sections of legislative text.
Requires tax‑exempt organizations to report and publicly post annual contributions over $10,000 from specified foreign governments, parties, and foreign‑directed entities, with an IRS searchable database highlighting China/CCP ties.
Official title: To amend the Internal Revenue Code of 1986 to provide for the public reporting of certain contributions received by charitable organizations from foreign governments and foreign political parties.
Introduced June 12, 2025 by Lance Gooden · Last progress June 12, 2025
Requires certain tax-exempt nonprofits (including think tanks and cultural organizations) to report and publicly post yearly contributions over $10,000 from foreign governments, foreign political parties, and specified foreign-directed entities. The IRS must publish a searchable database listing reported donors, the recipient organization, and annual aggregate amounts received—specifically calling out the People’s Republic of China, the Chinese Communist Party, and entities they direct or finance. The rule applies to returns filed for tax years beginning after enactment.