GUARD Act denies tax-exempt status to organizations receiving donations from citizens or nationals of foreign adversaries.
The GUARD Act amends the Internal Revenue Code to deny tax-exempt status to organizations receiving contributions or gifts from citizens or nationals of designated foreign adversaries. These adversaries include the People’s Republic of China, the Republic of Cuba, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Russian Federation, and any other country deemed a national security threat by the Secretary of the Treasury in consultation with the Secretary of State. The changes apply to contributions or gifts received after the bill's enactment.
The filed bill text is too short for analysis.