AI-assisted analysis based on the official CRS summary. Source version: Sep 10, 2026. Analysis updated: Sep 16, 2026.
01 — The Text
What.
- Applies to tax-exempt organizations under Section 501(c) with annual gross receipts of $200,000+ or assets of $500,000+
- Requires these organizations to report aggregate contributions from foreign nationals on Form 990 series filings
- Requires separate reporting of contributions specifically from nationals of China, Iran, Korea, or Russia
- Organizations may rely on donor representations of nationality unless they know or should know the representation is false
- Applies only to organizations already required to file Form 990 information returns with the IRS
02 — The Stakes
So what?
- Creates new IRS reporting requirements for a subset of tax-exempt organizations regarding foreign funding sources
- The bill does not restrict foreign donations; it mandates disclosure of them to the IRS
- Liability for false donor nationality information rests on organizations that knew or should have known of misrepresentations
- The specific effects on organizations' operations, compliance costs, or donor behavior are not documented in the official summary
03 — The Path
Now what?
- Reported as amended by the House Committee on Ways and Means on August 27, 2026
- Placed on the Union Calendar (Calendar No. 666) on August 27, 2026
- Committee markup occurred on July 22, 2026, with amendment ordered by vote of 23–18
- No scheduled votes or next procedural steps are documented
Legislative History
Actions.
- Aug 27, 2026 — Placed on the Union Calendar, Calendar No. 666.
- Aug 27, 2026 — Reported (Amended) by the Committee on Ways and Means. H. Rept. 119-765.
- Aug 27, 2026 — Reported (Amended) by the Committee on Ways and Means. H. Rept. 119-765.
- Jul 22, 2026 — Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 18.
- Jul 22, 2026 — Committee Consideration and Mark-up Session Held
- Jul 18, 2026 — Referred to the House Committee on Ways and Means.
- Jul 18, 2026 — Introduced in House
- Jul 18, 2026 — Introduced in House