Legislative update: House Ways and Means Committee approves four bills concerning tax-exempt organizations
JCT released descriptions of the bills and the amendments in the nature of a substitute
The House Committee on Ways and Means today marked up and approved along party lines four bills concerning tax-exempt organizations.
In advance of the markup, the staff of the Joint Committee on Taxation (JCT) released descriptions of the bills and the amendments in the nature of a substitute.
H.R. 9772, the “Foreign Funding Transparency Act,” (approved by a vote of 23-18) would require disclosure by certain tax-exempt organizations of information relating to foreign contributions to such organizations.
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment in the nature of a substitute
H.R. 9771, the “Stopping Foreign Influence in Elections Act of 2026,” (approved by a vote of 23-16) would impose penalties on political committees that accept foreign contributions.
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment in the nature of a substitute
H.R. 9721, the “Fiscal Sponsorship Transparency Act of 2026,” (approved by a vote of 23-15) would require reporting by certain charitable organizations relating to fiscal sponsorship arrangements.
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment in the nature of a substitute
H.R. 9722, the “Fair Treatment of Religious Organizations Act of 2026,” (approved by a vote of 23-16) would provide that religious belief or practice concerning marriage, sexuality, or gender identity is not treated as inconsistent with law or public policy for purposes of determining whether an organization is organized or operated for tax-exempt purposes.
- JCT description
- Amendment in the nature of a substitute
- JCT description of the amendment in the nature of a substitute
For more information, contact your usual KPMG tax professional or one of the following Washington National Tax professionals:
Ruth Madrigal | ruthmadrigal@kpmg.com
Preston Quesenberry | pquesenberry@kpmg.com