Bill treats dark-money gifts like gifts to political groups for taxes.

What it does

The bill changes tax rules for gifts of valuable things like stocks or land. Right now, people who give valuable things to certain tax-free groups can deduct the full value. This bill says gifts to dark-money groups must follow the same tax rules. It also covers trade groups and social clubs. The bill does not ban these gifts or the tax break itself.

Who it affects

Rich donors who give valuable things to dark-money groups would face new tax limits. Trade groups and social clubs would also be covered. People would gain because less tax money would go to fund secret spending.

One thing to notice

The bill makes tax rules the same but does not ban gifts. The real effect depends on what tax rules now apply to groups that give to campaigns.

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

Where it stands

7 cosponsors: 7 Democrats.

• Sep 30, 2026 — Introduced · Congress.gov: “Introduced in Senate”
• Sep 30, 2026 — Referred to Senate Committee on Finance · Congress.gov: “Read twice and referred to the Committee on Finance”

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

Words to know

• dark-money groups — Tax-free groups that take unlimited gifts without saying who gave the money.
• valuable things — Stocks, land, or other things that have gone up in value since someone bought them.
• tax break — An amount people can subtract from their taxes when they give money or things to certain groups.
• trade groups — Tax-free groups made up of companies or workers in the same line of work.