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HR 6913 118th Congress House Government Operations and Politics

OPEN Act

Introduced: January 5, 2024 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2024
Referred to the House Committee on House Administration.
Jan 9, 2024
Referred to the House Committee on Ways and Means.
Jan 5, 2024
Introduced in House
 Plain-English summary Congressional Research Service

Openness in Political Expenditures Now Act or the OPEN Act

This bill requires each corporation that submits regular and periodic reports to shareholders to (1) include information about certain political activities during the time period covered by the report, and (2) provide copies of reports disclosing political activities to the Federal Election Commission.

The bill also prohibits an organization from obtaining tax-exempt status under Section 501(c)(4) of the Internal Revenue Code if its expenditures on covered political activities exceed certain thresholds in a taxable year.

What's happening now January 9, 2024

Referred to the House Committee on House Administration.

 Committees of jurisdiction 2