In CommitteeFiled Jul 22, 2026
Sponsor: Sen. Cotton, Tom [R-AR] (R)
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Read twice and referred to the Committee on Finance.
Jul 22, 2026
Summary
The Senate bill would amend the Internal Revenue Code so that charitable organizations that act as fiscal sponsors must provide the IRS with information about those arrangements. It targets nonprofits that host other projects under their tax‑exempt status, aiming to improve transparency. The measure is currently referred to the Senate Finance Committee.
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