Bill requires groups to report money transfers and taxes some deals.

What it does

The bill makes groups tell the government about fiscal sponsorship deals. A fiscal sponsorship deal is when one group holds money for another group. The bill adds new taxes on groups and their leaders. Taxes range from 20% to 100% of the money moved. Leaders can also pay fines up to $20,000.

Who it affects

Groups and their leaders face new taxes and rules. Small groups that rely on big groups to hold their money may find it harder to get funding.

One thing to notice

The bill creates new taxes and rules for fiscal sponsorship deals. This is a common way small groups get help from big groups.

From the analysis of the bill text, linked under Primary records below.

Where it stands

• Jul 16, 2026 — Introduced · Congress.gov: “Introduced in House”
• Jul 16, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
• Jul 22, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
• Jul 22, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 15”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Words to know

• fiscal sponsorship — A deal where one group holds and manages money for another group.
• leaders — People who manage and run groups and organizations.