GUARD Act

This bill would change federal tax law so that charities and social welfare groups (organizations under section 501(c)(3) or 501(c)(4)) lose their tax-exempt status if they accept any contribution or gift from an individual who is a citizen or national of a foreign adversary. The loss of tax exemption would apply to any tax year ending on or after the date the gift is received. The bill lists China (including Hong Kong and Macau), Cuba, Iran, North Korea, and Russia as foreign adversaries. The Treasury Secretary, in consultation with the Secretary of State, could add other countries. The rule would apply only to gifts received after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Keith Self Republican sponsor
• 0 cosponsors