S5669Referred to Committee

End Tax Breaks for Dark Money Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-09-30
Introduced
7
Cosponsors
S
ⓘ
Type

Sponsor

Sheldon Whitehouse
Sheldon Whitehouse
Democrat · RI · Senator
Votes with party: 82.4% (879 recorded votes)

Full profile: /officials/W000802

Source: Congress.gov · FEC

Cosponsors (7)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-09-30

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-09-30. Check back soon — summaries are generated as bills progress through Congress.

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5669 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5669 To amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 30, 2026 Mr. Whitehouse (for himself, Ms. Cortez Masto, Mr. Welch, Ms. Smith, Mr. Merkley, Mr. Schatz, Ms. Warren, and Ms. Baldwin) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``End Tax Breaks for Dark Money Act''. SEC. 2. TREATMENT OF TRANSFERS OF APPRECIATED PROPERTY TO CERTAIN TAX- EXEMPT ORGANIZATIONS. (a) In General.--Subsections (a) and (b) of section 84 of the Internal Revenue Code of 1986 are each amended by striking ``political organization'' each place it appears and inserting ``specified organization''. (b) Specified Organization.--Section 84(c) of the Internal Revenue Code of 1986 is amended to read as follows: ``(c) Specified Organization.--For purposes of this section, the term `specified organization' means-- ``(1) any political organization (as defined in section 527(e)(1)), and ``(2) any organization described in paragraph (4), (5), or (6) of section 501(c).''. (c) Clerical Amendments.-- (1) The heading of section 84 of the Internal Revenue Code of 1986 is amended by striking ``political'' and inserting ``specified''. (2) The item relating to section 84 in the table of sections for part II of subchapter B of chapter 1 of such Code is amended to read as follows: ``Sec. 84. Transfer of appreciated property to specified organizations.''. (d) Effective Date.--The amendments made by this section shall apply to transfer after the date of the enactment of this Act, in taxable years ending after such date. <all>
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