House Committee Approves Foreign Funding Transparency Act

The House Ways and Means Committee approved the Foreign Funding Transparency Act with a vote of 23-18 on July 26, 2026. This legislation aims to revise reporting requirements for tax-exempt organizations, mandating them to report donations received from foreign nationals to the Internal Revenue Service (IRS). Committee Chairman Jason Smith stated that foreign influence in the tax-exempt sector poses a significant concern, suggesting that many protests in the U.S. are funded by foreign entities through organized networks. The bill's passage follows Secretary of State Marco Rubio's call for global cooperation to address what he termed far-left political terrorism. Rubio emphasized the need to recognize and combat extremist violence from the political left. The committee's statement referenced Neville Roy Singham, an American known for funding pro-Chinese Communist Party groups in the U.S., who has reportedly funneled $278 million into various nonprofits since 2017. Singham did not respond to requests for comment.