HR 2498
End Dark Money Act
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Bill overview
This bill aims to restore the Internal Revenue Service’s (IRS) authority to investigate and increase transparency regarding the political activities of certain nonprofit organizations. Currently, a provision in the 2024 appropriations act limited the IRS’s ability to pursue this oversight. The End Dark Money Act seeks to repeal this restriction, allowing the IRS to more effectively monitor and address concerns about ‘dark money’ in political campaigns.
Key provisions
- Repeals a provision in the 2024 appropriations act.
- Restores the IRS’s authority to investigate nonprofit political activity.
- Aims to increase transparency in the nonprofit sector’s political spending.
- Specifically targets the restriction related to fiscal year 2025.
Who is affected
- Nonprofit organizations
- Political campaign finance
- Internal Revenue Service (IRS)
- Donors of political contributions to nonprofits
Notable changes
- Reverses a recent limitation on IRS oversight of nonprofit political activity.
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Primary sponsor
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119th CONGRESS — 1st Session
H. R. 2498
IN THE HOUSE OF REPRESENTATIVES
A BILL
To repeal the restriction on the use of funds by the Internal Revenue Service to bring transparency to the political activity of certain nonprofit organizations.
This Act may be cited as the End Dark Money Act
.
Section 123 of the Financial Services and General Government Appropriations Act, 2024 (division B of Public Law 118–47) shall have no force or effect during fiscal year 2025.