House committee passes Foreign Funding Transparency Act to expose foreign donations to nonprofits

Lawmakers are seeking to expose foreign nationals who may be funneling money and donations through tax-exempt organizations to political committees as the House Ways and Means Committee passed a bill that would revise reporting requirements for tax-exempt groups. The Foreign Funding Transparency Act, which passed 23-18 in the committee last Wednesday, would require tax-exempt organizations to collect and report to the Internal Revenue Service (IRS) donations received from foreign nationals. "For