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![handle is hein.congrecreports/crptxaghy0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-569
FOREIGN GRANT REPORTING ACT
JUNE 28, 2024.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
together with
ADDITIONAL VIEWS
[To accompany H.R. 8290]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 8290) to amend the Internal Revenue Code of 1986 to re-
quire the public disclosure of grants made by certain tax-exempt
organizations to foreign entities, having considered the same, re-
ports favorably thereon with an amendment and recommends that
the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 2
A. Purpose and Sum m ary ..................................................................... 2
B. Background and Need for Legislation .................... 3
C. Legislative H istory ........................................................................... . 4
B ackground ................................................................................ . 4
Com m ittee H earings ................................................................... 4
Com m ittee A ction ....................................................................... 4
D . Designated H earing .......................................................................... 4
II. EXPLANATION OF THE BILL ................................................................. 4
A. Disclosure of Grants Made by Certain Tax-Exempt Organiza-
tions to Foreign Entities (sec. 2 of the bill and sec. 6033
of the C ode) ..................................................................................... 4
B. Reasons for Change .......................................................................... 8
C. Explanation of Provisions ................................................................. 8
D . E ffective D ate .................................................................................... 8
III. VOTES OF THE COMM ITTEE ................................................................... 9
IV. BUDGET EFFECTS OF THE BILL ........................................................... 10
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