113 HR 5297 IH: Strengthening Charities Through Transparency Act of 2014 U.S. House of Representatives 2014-07-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 5297 IN THE HOUSE OF REPRESENTATIVES July 30, 2014 Ms. Titus introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To improve transparency in charity regulation.

1.

Short title

This Act may be cited as the Strengthening Charities Through Transparency Act of 2014.

2.

Mandatory electronic filing for annual returns of exempt organizations

(a)

In general

Section 6033 of the Internal Revenue Code of 1986 is amended by redesignating subsection (n) as subsection (o) and by inserting after subsection (m) the following new subsection: (n)

Mandatory electronic filing

Any organization required to file a return under this section shall file such return in electronic form.. (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

3.

Inspection of electronically filed annual returns of exempt organizations

(a)

In general

Subsection (b) of section 6104 of the Internal Revenue Code of 1986 is amended by adding at the end the following: Any annual return required to be filed electronically under section 6033(m) shall be made available by the Secretary to the public in machine readable format as soon as practicable.. (b)

Effective date

The amendments made by this section shall apply to returns filed for taxable years beginning after the date of the enactment of this Act.

4.

Establishment of database listing charities and charity management officials convicted of fraud

(a)

In general

Upon request by the Attorney General, a State shall make available information regarding a charity or a charity management official that has been convicted of a fraud, theft, or a financial offense. Beginning not later than 1 year after the date of enactment of this Act, the Attorney General shall establish a database that lists each such charity or charity management official. Information received under this subsection shall be made available to State Attorney Generals for regulatory and law enforcement purposes. (b)

Definitions

In this section: (1)The terms charity, charity management official, information, and financial offenses have such meanings as the Attorney General shall by rule establish. (2)The term State means any of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, and any other territory or possession of the United States.