Large charities would have to report money they get from foreign nationals, categorized by certain countries.
This bill would make it mandatory for certain large tax-exempt organizations, like some charities, to tell the IRS how much money they receive from foreign nationals, broken down by specific foreign countries. This changes current rules where such detailed reporting isn't explicitly required. The new rules would apply to returns filed for tax years starting one year after the bill becomes law.
Today, tax-exempt organizations do not have to report all money received from foreign nationals. They also don't have to separate these amounts by "foreign country of concern" on their yearly tax forms. If this bill passes, certain large tax-exempt organizations would have to report this detailed foreign contribution information to the IRS each year. This applies to groups with at least $200,000 in total income or $500,000 in assets.
HR 9772 · 119th Congress · July 18, 2026 · AI Summary by gemini-2.5-flash · 10/10
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