Connect with us

Hi, what are you looking for?

Latest News

House Republican cracks down on foreign cash funneled into US nonprofits

A new House Republican-led bill aims to crack down on the flow of foreign money to U.S.-based think tanks and charities.

Rep. Lance Gooden, R-Texas, told Fox News Digital that he’s introducing the ‘Think Tank and Nonprofit Foreign Influence Disclosure Act’ to increase awareness of where those groups get their cash from and whether foreign governments could be using them to promote views hostile to U.S. interests.

‘We must pull back the curtain on foreign entities that seek to shape U.S. policy and public opinion through covert funding,’ Gooden said.

‘This legislation is a necessary measure to shed light on the unreported financing behind the research organizations and nonprofits shaping our foreign policy.’

Under his legislation, donations and other contributions to nonprofits made by other governments or political parties have to be publicly disclosed if the value exceeds $50,000.

‘Foreign governments and foreign political parties attempt to influence the government and political system of the United States through donations to nonprofit charitable organizations, especially think tanks and cultural organizations,’ reads the bill text, obtained by Fox News Digital.

‘While institutions of higher learning are required to disclose foreign gifts to the Department of Education pursuant to the Higher Education Act, no such requirement exists for think tanks.’

Under the Trump administration, the State Department urged think tanks that it engaged with to prominently disclose their sources of funding.

‘We welcome diverse views when doing so. We are mindful, however, that some foreign governments, such as those of the People’s Republic of China (PRC) and the Russian Federation, seek to exert influence over U.S. foreign policy through lobbyists, external experts, and think tanks,’ then-Secretary of State Mike Pompeo said in October 2020.

Fox News Digital reached out to the Biden administration to find out whether the policy is still active under the Biden administration but has not heard back.

This post appeared first on FOX NEWS

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Stock

On this week’s edition of Stock Talk with Joe Rabil, Joe features special guest, Bruce Fraser of Power Charting. Joe and Bruce discuss swing...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com