Latest action: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 15.
Committee has approved the bill (usually with amendments) and sent it back to the full chamber.
The committee voted to send the bill to the floor of the full chamber. The Speaker of the House schedules a floor vote.
Next: Passed One Chamber
The other chamber (Senate or House) repeats the committee + floor-vote process
Requires fiscal sponsors to disclose financial information to nonprofits they support.
The problem
Nonprofits using fiscal sponsors lack transparency about how money is handled, creating potential for fraud or misuse without clear oversight.
The proposal
The bill mandates fiscal sponsors disclose financial records and spending details to the nonprofits they serve, improving accountability and reporting requirements.
The impact
Nonprofits gain better visibility into finances; fiscal sponsors face increased compliance costs; donors gain more trust in nonprofit operations.
Nonprofits can better monitor how fiscal sponsors handle their money. This reduces fraud risk and helps organizations ensure funds go where intended.
Increased transparency helps donors trust that their contributions are managed responsibly. Better disclosure makes giving to nonprofits feel safer.
Clear disclosure requirements create uniform standards across the industry. This makes it easier to identify problematic practices.
Fiscal sponsors must invest in new systems and staff to track and report financial data. Smaller sponsors may struggle with these expenses.
Increased paperwork and reporting requirements slow down fiscal sponsor operations. This could delay funding to nonprofits needing money quickly.
Higher costs may cause some fiscal sponsors to raise fees or exit the market. Nonprofits could face fewer sponsorship options.
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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