Tax-exempt nonprofits that get federal money would have to make major donor details public. The IRS would publish donor names, ZIP codes, and gift totals. Groups that miss the required donor filing could lose tax-exempt status after a warning and 60 days to fix it.
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Putting Trust in Transparency Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.
Latest action on H.R. 2841: Referred to the House Committee on Ways and Means.
Who this affects: This bill mainly affects tax-exempt nonprofits that receive federal money and the people who give large donations to them. It also affects the IRS, which would have to publish donor schedules and track groups that lose tax-exempt status under the new rule.
Why this matters: This bill matters because it would trade more public oversight for less donor privacy. People could see who gives large amounts to nonprofits that also receive federal money. That could help reveal possible conflicts or influence. It could also make some donors less willing to give, especially if they want their donations kept private.
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