Foreign Funding Transparency Act
Latest action (22 Jul 2026): Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 18.
What this bill does
H.R. 9772, the Foreign Funding Transparency Act, would amend the Internal Revenue Code to require certain tax-exempt organizations to report information about contributions they receive from foreign nationals. Specifically, covered organizations would have to disclose, on their annual returns, the total amount of contributions received from foreign nationals during the year, as well as a separate breakdown of contributions received from each "foreign country of concern" as defined under existing federal law.
The requirement would apply to organizations described under Section 501(c) of the tax code with gross receipts of at least $200,000 or assets of at least $500,000 in the prior taxable year. Organizations could rely on donors' own statements about their nationality unless they knew or should have known such statements were false. The Treasury Secretary would be authorized to issue regulations specifying how and when organizations must collect this information from foreign donors.
The bill was introduced in July 2026 by Rep. David Schweikert, with Rep. Fine later added as a cosponsor, and referred to the House Ways and Means Committee. The committee reported the bill with an amendment in the nature of a substitute by a 23–18 vote and it has been placed on the Union Calendar for consideration by the full House. If enacted, the new reporting requirement would apply to tax returns for taxable years beginning one year after enactment.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Foreign Funding Transparency Act
This bill requires certain organizations exempt from federal income tax to report to the Internal Revenue Service (IRS) information related to contributions received from foreign nationals.
The bill applies to tax-exempt organizations described in Section 501(c) of the Internal Revenue Code (e.g., charities, social welfare organizations, labor organizations, and business or civics leagues) with (1) gross receipts for the preceding tax year of $200,000 or more, or (2) assets (determined at the close of the preceding tax year) of $500,000 or more.
Such tax-exempt organizations that are required to file a Form 990 series information return with the IRS must report (1) the aggregate amount of contributions received during the tax year from foreign nationals, and (2) the portion of those contributions received from foreign nationals from China, Iran, Korea, or Russia.
Under the bill, a tax-exempt organization may rely on the representation of the donor as to nationality unless the organization knows or should know that such representation is false.
Timeline
22 Jul 2026
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 18.
Common questions
- What does H.R. 9772 do?
- H.R. 9772, the Foreign Funding Transparency Act, would amend the Internal Revenue Code to require certain tax-exempt organizations to report information about contributions they receive from foreign nationals. Specifically, covered organizations would have to disclose, on their annual returns, the total amount of contributions received from foreign nationals during the year, as well as a separate breakdown of contributions received from each "foreign country of concern" as defined under existing federal law. The requirement would apply to organizations described under Section 501(c) of the tax code with gross receipts of at least $200,000 or assets of at least $500,000 in the prior taxable year. Organizations could rely on donors' own statements about their nationality unless they knew or should have known such statements were false. The Treasury Secretary would be authorized to issue regulations specifying how and when organizations must collect this information from foreign donors. The bill was introduced in July 2026 by Rep. David Schweikert, with Rep. Fine later added as a cosponsor, and referred to the House Ways and Means Committee. The committee reported the bill with an amendment in the nature of a substitute by a 23–18 vote and it has been placed on the Union Calendar for consideration by the full House. If enacted, the new reporting requirement would apply to tax returns for taxable years beginning one year after enactment.
- Has H.R. 9772 become law?
- Not yet. As of 22 Jul 2026, H.R. 9772 is ordered reported.
- Who sponsored H.R. 9772?
- H.R. 9772 was sponsored by Rep. David Schweikert [R-AZ1] (Republican-AZ), with 1 cosponsor.
- What's the latest action on H.R. 9772?
- Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 18. (22 Jul 2026).
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