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Think Tank and Nonprofit Foreign Influence Disclosure Act

USA117th CongressHR-7124| House 
| Updated: 3/17/2022
Lance Gooden

Lance Gooden

Republican Representative

Texas

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 17, 2022
Introduced in House
Mar 17, 2022
Referred to the House Committee on Ways and Means.
  • March 17, 2022
    Introduced in House


  • March 17, 2022
    Referred to the House Committee on Ways and Means.

Taxation

AsiaCharitable contributionsChinaConflicts and warsCongressional oversightEnergy storage, supplies, demandEnvironmental educationEuropeForeign and international corporationsForeign propertyGovernment information and archivesOil and gasPolitical parties and affiliationRussiaSanctionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizationsTerrorism

Think Tank and Nonprofit Foreign Influence Disclosure Act

USA117th CongressHR-7124| House 
| Updated: 3/17/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 17, 2022
Introduced in House
Mar 17, 2022
Referred to the House Committee on Ways and Means.
  • March 17, 2022
    Introduced in House


  • March 17, 2022
    Referred to the House Committee on Ways and Means.
Lance Gooden

Lance Gooden

Republican Representative

Texas

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AsiaCharitable contributionsChinaConflicts and warsCongressional oversightEnergy storage, supplies, demandEnvironmental educationEuropeForeign and international corporationsForeign propertyGovernment information and archivesOil and gasPolitical parties and affiliationRussiaSanctionsSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizationsTerrorism