• The "Foreign Funding Transparency Act" amends the Internal Revenue Code to require certain tax-exempt organizations to disclose information about contributions received from foreign nationals on their annual tax returns
• Qualifying organizations must report the aggregate amount of foreign national contributions overall, and separately for each "foreign country of concern," with the threshold applying to organizations with gross receipts of at least $200,000 or assets of at least $500,000
• The requirements apply to returns filed for taxable years beginning more than one year after the bill's enactment

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