No Foreign Election Interference Act

Bill: 118-hr-8314
Sponsor: Rep. Malliotakis, Nicole [R-NY-11]
Introduced: 2024-05-08 in the House
Policy area: Taxation
Subjects: Charitable contributions
Elections, voting, political campaign regulation
Tax administration and collection, taxpayers
Tax-exempt organizations

Summary:
action_date: 2024-05-08
text: 

No Foreign Election Interference Act 

This bill imposes enhanced penalties on tax-exempt organizations that make contributions to political committees after receiving a gift or contribution from a foreign national. The penalty is 200% of the amount of such contributions. The organization loses its tax-exempt status if it makes more than two such contributions. 

 

action_date: 2024-09-06
text: 

No Foreign Election Interference Act 

This bill prohibits specified tax-exempt organizations from making contributions to political committees for eight years from the date of receiving a gift or contribution from a foreign national. 
Specified tax-exempt organization
 means, with respect to any taxable year, any organization described in Section 501(c) of the Internal Revenue Code (IRC) and exempt from tax under Section 501(a) of the IRC if (1) the gross receipts of such organization for such taxable year equal or exceed $200,000; or (2) the assets of such organization (determined as of the close of such taxable year) equal or exceed $500,000.

Any specified tax-exempt organization that makes such a contribution must pay a penalty that is 200% of the amount of such contribution.

The organization loses its tax-exempt status for any taxable year ending on or after the date of a third contribution.


Legislative actions:
action_date: 2024-09-17
text: On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 218 - 181, 1 Present (Roll no. 418).
action_date: 2024-09-17
text: Failed of passage/not agreed to in House On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 218 - 181, 1 Present (Roll no. 418).
action_date: 2024-09-17
text: Considered as unfinished business. (consideration: CR H5289)
action_date: 2024-09-17
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2024-09-17
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 8314.
action_date: 2024-09-17
text: Considered under suspension of the rules. (consideration: CR H5270-5272; text: CR H5270)
action_date: 2024-09-17
text: Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
action_date: 2024-09-06
text: Placed on the Union Calendar, Calendar No. 546.
action_date: 2024-09-06
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-649.
action_date: 2024-09-06
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-649.
action_date: 2024-05-15
text: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 39 - 1.
action_date: 2024-05-15
text: Committee Consideration and Mark-up Session Held
action_date: 2024-05-08
text: Referred to the House Committee on Ways and Means.
action_date: 2024-05-08
text: Introduced in House
action_date: 2024-05-08
text: Introduced in House