Stopping Foreign Influence in Elections Act of 2026

This bill amends the Internal Revenue Code of 1986 to establish new penalties for certain tax-exempt organizations that funnel foreign money into political campaigns. It targets "specified tax exempt organizations," defined as 501(c) organizations meeting specific financial thresholds, if they make contributions to political entities. A penalty is triggered when such an organization makes a "disqualified political committee contribution," which occurs if the organization received funds from a foreign national within the preceding two years before contributing to a political committee or a 501(c)(4) organization. The penalties for making a disqualified political committee contribution are substantial and escalate with repeat offenses. The initial penalty is an amount equal to twice the contribution . For subsequent offenses, the bill imposes a tax of 100% for the first disqualified contribution, 200% for the second, and for any third or subsequent contribution, a 200% tax plus the loss of tax-exempt status for two years. These provisions will apply to contributions made one year after the bill's enactment, though organizations may rely on a donor's representation of nationality unless they know or should have known it was false.