Fiscal Sponsorship Transparency Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Jul 2026): Read twice and referred to the Committee on Finance.
What this bill does
S. 5083, the Fiscal Sponsorship Transparency Act of 2026, proposes to amend the Internal Revenue Code. It would require certain tax-exempt charitable organizations, excluding private foundations and donor-advised funds, to report details about fiscal sponsorship arrangements. This includes the names of parties involved, aggregate amounts transferred or made available, and a description of project activities. It also mandates reporting the name of an individual managing the arrangement and its start and end dates.
The bill defines a fiscal sponsorship arrangement broadly, covering situations where an organization receives and administers funds for another non-tax-exempt person, or solicits funds for a specific project and agrees to administer them. It also introduces new taxes for "improper conduit arrangements," where contributions are solicited for a specific non-exempt person, and the organization fails to maintain discretion and control over the funds. These taxes would apply to the organization and its management.
This bill was introduced in the Senate and referred to the Committee on Finance. The proposed changes would take effect for taxable years beginning after December 31, 2027, and the Secretary of the Treasury would be responsible for prescribing regulations to clarify certain aspects of these arrangements.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Jul 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5083 do?
- S. 5083, the Fiscal Sponsorship Transparency Act of 2026, proposes to amend the Internal Revenue Code. It would require certain tax-exempt charitable organizations, excluding private foundations and donor-advised funds, to report details about fiscal sponsorship arrangements. This includes the names of parties involved, aggregate amounts transferred or made available, and a description of project activities. It also mandates reporting the name of an individual managing the arrangement and its start and end dates. The bill defines a fiscal sponsorship arrangement broadly, covering situations where an organization receives and administers funds for another non-tax-exempt person, or solicits funds for a specific project and agrees to administer them. It also introduces new taxes for "improper conduit arrangements," where contributions are solicited for a specific non-exempt person, and the organization fails to maintain discretion and control over the funds. These taxes would apply to the organization and its management. This bill was introduced in the Senate and referred to the Committee on Finance. The proposed changes would take effect for taxable years beginning after December 31, 2027, and the Secretary of the Treasury would be responsible for prescribing regulations to clarify certain aspects of these arrangements.
- Has S. 5083 become law?
- The source does not supply a confirmed lifecycle stage for S. 5083. Check the latest action and official source below.
- Who sponsored S. 5083?
- S. 5083 was sponsored by Sen. Cotton, Tom [R-AR] (R-AR), with 0 cosponsors.
- What's the latest action on S. 5083?
- Read twice and referred to the Committee on Finance. (22 Jul 2026).
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