H.R. 8293, American Donor Privacy and Foreign Funding Transparency Act
As ordered reported by the House Committee on Ways and Means on May 15, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
0
0
Revenues
0
*
*
Increase or Decrease (-) in the Deficit
0
*
*
Spending Subject to Appropriation (Outlays)
*
*
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between -$500,000 and $500,000.
Summary
H.R. 8293 would require some tax-exempt entities to include additional information related to certain contributions from foreign sources in annual information returns filed with the Internal Revenue Service (IRS). In particular, tax-exempt organizations with at least $200,000 in annual gross receipts or at least $500,000 in assets would be required to include whether the organization accepted any foreign donations in a calendar year, the total combined amount of donations from foreign nationals, the country of citizenship or principal place of business of any foreign source that made a donation, and the total amount of donations from each country. The bill also would prevent federal agencies from collecting or requiring the submission of information on the identification of any donor.
