WAYS & MEANS COMMITTEE APPROVES LEGISLATION BOOSTING TRANSPARENCY & ACCOUNTABILITY IN TAX-EXEMPT SECTOR, PREVENTING FOREIGN INFLUENCE IN AMERICAN POLITICS, & PROTECTING RELIGIOUS FREEDOM

WASHINGTON, July 24 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Tax-exempt organizations that abuse the generous benefits afforded to them courtesy of the U.S. taxpayer will face more scrutiny and accountability under legislation approved by the Ways and Means Committee. Having conducted an extensive investigation into the tax-exempt sector, the Committee has advanced solutions that will require such organizations to publicly disclose the foreign donations they receive and information regarding their fiscally-sponsored projects. Any tax-exempt organization that accepts foreign donations and then funnels money to political committees will face penalties as well. Members of Congress are ...