To amend the Internal Revenue Code of 1986 to codify the Trump administration rule on reporting requirements of exempt organizations, and for other purposes.
Summary
What This Bill Does
The bill requires organizations exempt from reporting Clause (ii) of section 6033(a)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $50,000, requires clarification of application to section 527 organizations Paragraph (1) of section 6033(g) of the Internal Revenue Code of 1986 is amended— by striking This section and inserting Except as otherwise provided, and requires reporting of names and addresses of contributors Paragraph (1) of section 6033(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Except as provided in subsections (b)(5). It relies on definition changes, tax rate changes, compliance mandates, and reporting requirements. The main policy areas are Business and Finance.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face lower compliance burdens, Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, and Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Public beneficiaries or protected communities affected by the clause could face increased risk, and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Requires organizations exempt from reporting Clause (ii) of section 6033(a)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $50,000.
- Requires clarification of application to section 527 organizations Paragraph (1) of section 6033(g) of the Internal Revenue Code of 1986 is amended— by striking This section and inserting Except as otherwise provided...
- Requires reporting of names and addresses of contributors Paragraph (1) of section 6033(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Except as provided in subsections (b)(5)...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires organizations exempt from reporting Clause (ii) of section 6033(a)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $50,000, requires clarification of application to section 527 organizations Paragraph (1) of section 6033(g) of the Internal Revenue Code of 1986 is amended— by striking This section and inserting Except as otherwise provided, and requires reporting of names and addresses of contributors Paragraph (1) of section 6033(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Except as provided in subsections (b)(5).
Key Policy Areas
Business, Finance
Primary Purpose
The bill requires organizations exempt from reporting Clause (ii) of section 6033(a)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $50,000, requires clarification of application to section 527 organizations Paragraph (1) of section 6033(g) of the Internal Revenue Code of 1986 is amended— by striking This section and inserting Except as otherwise provided, and requires reporting of names and addresses of contributors Paragraph (1) of section 6033(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Except as provided in subsections (b)(5).
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Braun (for himself, Mr. Scott of Florida, Mr. Young, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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