Penalizes certain tax-exempt groups that pass foreign money to political campaigns.
This bill would make it harder for foreign money to influence U.S. elections by penalizing certain tax-exempt organizations. If these groups accept money from foreign nationals and then give to political campaigns, they would face steep fines. For repeat offenses, they could even lose their tax-exempt status for two years.
Today, the tax code does not have specific penalties for tax-exempt organizations that receive money from foreign nationals and then contribute to political campaigns. It also does not explicitly revoke their tax-exempt status for these actions. After this bill, specified tax-exempt organizations with at least $200,000 in gross receipts or $500,000 in assets would face a penalty equal to twice the amount of such a contribution. They would also pay a tax of 100% for a first offense, 200% for a second, and lose their tax-exempt status for two years for subsequent offenses.
HR 9771 · 119th Congress · July 18, 2026 · AI Summary by gemini-2.5-flash · 8/10
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