summary
Introduced
05/08/2024
05/08/2024
In Committee
05/15/2024
05/15/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide for the public reporting of data on certain contributions received by tax-exempt organizations from foreign sources, and for other purposes.
AI Summary
This bill, the American Donor Privacy and Foreign Funding Transparency Act, has two key provisions. First, it would require certain tax-exempt organizations with gross receipts or assets exceeding specified thresholds to annually disclose the aggregate amount of contributions they received from foreign nationals, broken down by country. This information would be publicly available in a searchable database. Second, the bill would prohibit federal government entities from collecting or disclosing information that identifies donors to tax-exempt organizations, with a few exceptions, such as for the purposes of tax administration or in response to a lawful court order. The amendments made by this bill would apply to tax returns filed for taxable years beginning after the date of enactment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 731. (on 12/17/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/8293/all-info |
| BillText | https://www.congress.gov/118/bills/hr8293/BILLS-118hr8293rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr8293/BILLS-118hr8293ih.pdf |
Loading...