Imposes Penalties for Foreign Contributions to Political Committees

Stopping Foreign Influence in Elections Act of 2026This bill imposes on certain tax-exempt organizations federal income taxes and penalties, including loss of tax-exempt status, for contributing to a political entity within two years of receiving a contribution or gift from a foreign national (disqualified political committee contribution). Under the bill, tax-exempt organizations described in Section 501(c) of the Internal Revenue Code (e. g., charities, social welfare organizations, labor organizations, and business or civics leagues) that make disqualified political committee contributions are subject to federal taxes in the amounts of 100% of the contribution for the first such contribution and 200% of the contribution for each subsequent contribution. For a third and each subsequent contribution, the bill also revokes the organization’s tax-exempt status for two years (from the date the contribution is made). A penalty of twice the amount of any disqualified political committee contribution also is imposed on certain tax-exempt 501(c) organizations that have (1) gross receipts of $200,000 or more for the prior tax year, or (2) assets of $500,000 or more for the prior tax year.