Foreign Funding Transparency Act requires tax-exempt organizations to report foreign contributions.

The Foreign Funding Transparency Act amends the Internal Revenue Code to mandate that certain tax-exempt organizations disclose information about contributions received from foreign sources. Specifically, these organizations must report the aggregate amount of contributions from foreign nationals and, separately, the amount from each foreign country of concern. The bill applies to organizations with gross receipts or assets exceeding specified thresholds. The reporting requirement takes effect for tax years beginning one year after the act's enactment.

Foreign Funding Transparency Act requires tax-exempt organizations to report foreign contributions.

The Foreign Funding Transparency Act amends the Internal Revenue Code to mandate that certain tax-exempt organizations disclose information about contributions received from foreign sources. Specifically, these organizations must report the aggregate amount of contributions from foreign nationals and, separately, the amount from each foreign country of concern. The bill applies to organizations with gross receipts or assets exceeding specified thresholds. The reporting requirement takes effect for tax years beginning one year after the act's enactment.