H.R.9772

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

The Foreign Funding Transparency Act amends the Internal Revenue Code to mandate that specified tax-exempt organizations report details about contributions from foreign nationals. These organizations must disclose the total amount of contributions received from foreign nationals and separate amounts by foreign country of concern. The Secretary of the Treasury may require these organizations to collect information from foreign donors. The reporting requirement applies to tax returns filed for taxable years beginning one year after the act's enactment.