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Bill > S215


US S215

US S215
Spotlight Act


summary

Introduced
02/03/2021
In Committee
02/03/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to require certain tax-exempt organizations to include on annual returns the names and addresses of substantial contribu- tors, and for other purposes.

AI Summary

This bill, the Spotlight Act, proposes to amend the Internal Revenue Code of 1986 to require certain tax-exempt organizations, such as social welfare organizations and business leagues, to include the names and addresses of their substantial contributors on their annual tax returns. The bill also repeals recent regulations that removed this reporting requirement and modifies the Secretary of the Treasury's discretionary authority to exempt organizations from this filing obligation.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Read twice and referred to the Committee on Finance. (on 02/03/2021)

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