Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Requires organizations using fiscal sponsors to disclose financial information publicly.
The problem
Nonprofit organizations using fiscal sponsors lack transparency requirements. This can hide financial activities, funding sources, and how money is spent from the public.
The proposal
The bill would mandate that organizations with fiscal sponsors report financial data and disclose relationships. This increases public access to information about nonprofit finances and operations.
The impact
Nonprofits, fiscal sponsors, donors, and the public would be affected. Organizations would face new reporting requirements, while donors and citizens gain financial visibility.
Public access to financial data helps prevent fraud and misuse of funds. Donors can make informed decisions about where their money goes. Communities can better monitor organizations claiming to serve them.
Transparent financial reporting builds trust between nonprofits and supporters. Donors are more likely to give when they can verify how funds are used. This could increase charitable giving overall.
Mandatory disclosure requirements make it harder to hide financial misconduct. Public scrutiny deters embezzlement and improper spending. Regulatory oversight becomes easier with standardized reporting.
Citizens and policymakers get clearer pictures of nonprofit sector health. Research on charitable organizations becomes more accurate and comprehensive. Government can identify problem areas more effectively.
Small nonprofits may struggle to afford new reporting systems and staff. Compliance expenses reduce funds available for actual charitable work. Smaller organizations could be disproportionately burdened.
New disclosure requirements create extra paperwork and complexity for nonprofits. Staff must spend time on reporting instead of mission-driven activities. Fiscal sponsors face increased administrative costs.
Public financial disclosure could reveal sensitive donor information or vulnerable beneficiaries. Organizations serving sensitive populations may face safety issues. Some nonprofits may hesitate to disclose partner relationships.
Without specific guidance, organizations may struggle to understand requirements. Inconsistent compliance could create confusion and legal risks. Enforcement methods remain undefined in current bill form.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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