This bill requires tax-exempt charitable organizations—particularly think tanks and nonprofits—to publicly disclose donations from foreign governments and foreign political parties if the aggregate gifts exceed $10,000 per year. Currently, universities must report foreign gifts to the Department of Education, but think tanks and other nonprofits face no such requirement. The legislation is driven by concerns that foreign governments, especially China, are using donations to influence U.S. policy and access sensitive information through organizations in Washington, D.C. and elsewhere. The bill would create a searchable public database maintained by the IRS containing the names of foreign donors and donation amounts, with particular emphasis on tracking contributions from China, the Chinese Communist Party, and their affiliated entities. The reporting requirement would take effect for organizations filing tax returns after the bill's enactment.
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