H.R. 7124 · 117th Congress
Think Tank and Nonprofit Foreign Influence Disclosure Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GoodenSponsorNo cosponsors.
This bill requires tax-exempt charitable organizations to disclose in annual reports contributions and gifts exceeding $50,000 received from foreign governments and foreign political parties. The reports must disclose the names of such governments and political parties and the aggregate amounts of contributions and gifts.
What it does: CRS summary · Introduced in House · Mar 17, 2022
Think Tank and Nonprofit Foreign Influence Disclosure Act
This bill requires tax-exempt charitable organizations to disclose in annual reports contributions and gifts exceeding $50,000 received from foreign governments and foreign political parties. The reports must disclose the names of such governments and political parties and the aggregate amounts of contributions and gifts.
The bill requires the Department of the Treasury to make publicly available in a searchable database information on gifts and contributions received from foreign governments and political parties and the aggregate amount received in each year from (1) China, the Chinese Communist Party and its officials, and state-owned Chinese entities; (2) Russia, Russian officials, and state-owned Russian entities; and (3) persons identified pursuant to the Specially Designated Nationals and Blocked Persons List (SDN) Human Readable Lists.
Treasury must also report on the foreign influence of tax-exempt organizations with a focus on the role of foreign influence in the funding of such organizations to influence the U.S. energy sector or aid terrorist groups in a conflict zone.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Think Tank and Nonprofit Foreign Influence Disclosure Act
Latest action (Mar 17, 2022): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 17, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.