Foreign Funding Transparency Act
To amend the Internal Revenue Code of 1986 to require disclosure by certain tax-exempt organizations of information relating to foreign contributions to such organizations.
This bill, HB9772, proposes to change the Internal Revenue Code to make certain tax-exempt organizations disclose details about foreign contributions they receive. Specifically, it would require these organizations to report information about any money they get from foreign sources. This is meant to increase transparency and accountability in how these organizations operate.
The bill would affect tax-exempt organizations, such as charities and non-profits, that receive foreign contributions. These organizations would need to provide detailed information about the source and amount of these contributions. This change aims to ensure that these organizations are being funded transparently and to prevent misuse of foreign funds.
As of July 18, 2026, the bill has been introduced and referred to the House Committee on Ways and Means. On July 22, 2026, the committee reported the bill with amendments. The bill was then placed on the Union Calendar. The next steps will involve further consideration by the House before it can be sent to the Senate.
