Sponsors (5)
The bill strengthens transparency and detection of foreign influence in U.S. tax‑exempt organizations—especially regarding PRC-linked funding—but does so at the cost of higher compliance burdens, donor privacy risks, potential chilling of legitimate academic and cultural exchanges, and possible diplomatic friction.
American voters, taxpayers, and policymakers: The bill increases ability to detect and limit covert foreign influence by requiring disclosure of foreign government/party funding and creating searchable aggregate reporting on receipts from PRC-related entities.
Policymakers, donors, and the public: Public disclosure of foreign donations over $10,000 improves transparency about who funds U.S. tax-exempt groups and helps assess potential conflicts of interest in policy research and advocacy.
Nonprofits, think tanks, and cultural organizations: Greater scrutiny and reporting requirements can increase accountability and make funded research and cultural programming more transparent to stakeholders.
Nonprofits (especially smaller organizations): New reporting and recordkeeping requirements will raise compliance costs (legal, accounting, staff time) and impose recurring economic burdens.
Donors and recipient organizations: Public naming and publication of donation amounts over $10,000 poses privacy risks and could chill legitimate philanthropic giving and free association.
Schools, universities, and cultural-exchange programs: Increased scrutiny and public reporting could chill academic and cultural collaboration with foreign partners and reduce funding and partnership opportunities.
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, political parties, and foreign-directed entities and creates an IRS searchable database.
Introduced June 12, 2025 by Lance Gooden · Last progress June 12, 2025
Requires certain tax-exempt organizations (including think tanks and other nonprofits) to report and post annually any contributions or gifts over $10,000 from specified foreign governments, foreign political parties, and foreign-directed or -controlled entities. Directs the Internal Revenue Service to publish a searchable public database that includes each reporting organization's name and the annual aggregate amounts received from the People’s Republic of China, the Chinese Communist Party, and entities directed or funded by them; these rules apply to tax years beginning after enactment.