Title: Think Tank and Nonprofit Foreign Influence Disclosure Act
Policy area: Taxation

Summary:
Think Tank and Nonprofit Foreign Influence Disclosure Act
This bill requires tax-exempt charitable organizations to disclose in annual reports contributions and gifts exceeding $50,000 received from foreign governments and foreign political parties. The reports must disclose the names of such governments and political parties and the aggregate amounts of contributions and gifts.
The bill requires the Department of the Treasury to make publicly available in a searchable database information on gifts and contributions received from foreign governments and political parties and the aggregate amount received in each year from (1) China, the Chinese Communist Party and its officials, and state-owned Chinese entities; (2) Russia, Russian officials, and state-owned Russian entities; and (3) persons identified pursuant to the Specially Designated Nationals and Blocked Persons List (SDN) Human Readable Lists.
Treasury must also report on the foreign influence of tax-exempt organizations with a focus on the role of foreign influence in the funding of such organizations to influence the U.S. energy sector or aid terrorist groups in a conflict zone.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7124 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7124

 To amend the Internal Revenue Code of 1986 to provide for the public 
reporting of certain contributions received by charitable organizations 
        from foreign governments and foreign political parties.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2022

 Mr. Gooden of Texas introduced the following bill; which was referred 
                   to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide for the public 
reporting of certain contributions received by charitable organizations 
        from foreign governments and foreign political parties.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Think Tank and Nonprofit Foreign 
Influence Disclosure Act''.

SEC. 2. ANNUAL DISCLOSURE OF CONTRIBUTIONS FROM FOREIGN GOVERNMENTS AND 
              POLITICAL PARTIES BY CERTAIN TAX-EXEMPT ORGANIZATIONS.

    (a) Reporting Requirement.--Section 6033(b) of the Internal Revenue 
Code of 1986 is amended by striking ``and'' at the end of paragraph 
(15), by redesignating paragraph (16) as paragraph (17) and by 
inserting after paragraph (15) the following new paragraph:
            ``(16) with respect to each government of a foreign country 
        (within the meaning of section 1(e) of the Foreign Agents 
        Registration Act of 1938 (22 U.S.C. 611(e))) and each foreign 
        political party (within the meaning of section 1(f) of such Act 
        (22 U.S.C. 611(f)) which made aggregate contributions and gifts 
        to the organization during the year in excess of $50,000, the 
        name of such government or political party and such aggregate 
        amount, and''.
    (b) Public Disclosure.--Section 6104 of such Code is amended by 
adding at the end the following new subsection:
    ``(e) Public Disclosure of Certain Information.--The Secretary 
shall make publicly available in a searchable database the following 
information:
            ``(1) The information furnished under section 6033(b)(16) 
        of the Internal Revenue Code of 1986, as amended by this 
        section.
            ``(2) The name of the organization furnishing the 
        information described in paragraph (1).
            ``(3) The aggregate amount reported under such section as 
        having been received as contributions or gifts in each year 
        from foreign governments, political parties, and individuals.
            ``(4) The aggregate amount reported under such section as 
        having been received as contributions or gifts in each year 
        from--
                    ``(A) China, the Chinese Communist Party, Chinese 
                Communist Party officials, and State-owned Chinese 
                entities,
                    ``(B) Russia, Russian officials, and State-owned 
                Russian entities, and
                    ``(C) persons identified pursuant to the Specially 
                Designated Nationals and Blocked Persons List (SDN) 
                Human Readable Lists.''.
    (c) Report.--Not later than 180 days after the date of the 
enactment of this Act, the Secretary of the Treasury, after 
consultation with the Secretary of State, shall issue a report to 
Congress (including to the Committee on Financial Services, and the 
Committee on Foreign Affairs, of the House of Representatives) on the 
foreign influence of tax-exempt organizations. Such report shall 
include a focus on--
            (1) the role of foreign influence in--
                    (A) funding of tax-exempt organizations to 
                influence the United States energy sector, including 
                the funding of environmental groups in the United 
                States with the aim of disrupting the United States 
                energy industry and influencing public opinion of the 
                oil and gas industry,
                    (B) funding of tax-exempt organizations that 
                directly or indirectly route to terrorist groups and 
                where a charitable organization knowingly or 
                intentionally provides logistical services, 
                recruitment, or otherwise facilitated support to a 
                terrorist group in a conflict zone, and
            (2) funding from--
                    (A) China, the Chinese Communist Party, Chinese 
                Communist Party officials, and State-owned Chinese 
                entities,
                    (B) Russia, Russian officials, and State-owned 
                Russian entities, and
                    (C) persons identified pursuant to Specially 
                Designated Nationals and Blocked Persons List (SDN) 
                Human Readable Lists.
    (d) Effective Date.--The amendments made by this section shall 
apply to returns filed for taxable years beginning after the date of 
the enactment of this Act.
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