US Congressional Bill: Amendment to Impose Penalties on Political Contributions from Certain Tax-Exempt Organizations

Main Subject: Taxation

No Foreign Election Interference Act

This bill imposes enhanced penalties on tax-exempt organizations that make contributions to political committees after receiving a gift or contribution from a foreign national. The penalty is 200% of the amount of such contributions. The organization loses its tax-exempt status if it makes more than two such contributions.

House floor actions Actions

Floor

Sep. 17
2024

On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 218 - 181, 1 Present (Roll no. 418).
Considered as unfinished business. (consideration: CR H5289)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 8314.
Considered under suspension of the rules. (consideration: CR H5270-5272; text: CR H5270)
Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.

Calendars
Sep. 06 2024	Placed on the Union Calendar, Calendar No. 546.

Committee
Sep. 06 2024	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-649.

IntroReferral
May. 08 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

Floor
Sep. 17 2024	Failed of passage/not agreed to in House On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 218 - 181, 1 Present (Roll no. 418).

Committee
Sep. 06 2024	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-649.

IntroReferral
May. 08 2024	Introduced in House Introduced in House

House committee actions Actions

Committee
May. 15 2024	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 39 - 1. Committee Consideration and Mark-up Session Held

House bill HR8314-118

To amend the Internal Revenue Code of 1986 to impose penalties with respect to contributions to political committees from certain tax exempt organizations that receive contributions from foreign nationals.

House bill HR8314-118

To amend the Internal Revenue Code of 1986 to impose penalties with respect to contributions to political committees from certain tax exempt organizations that receive contributions from foreign nationals.

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