Putting Trust in Transparency Act

HR 2841, the "Putting Trust in Transparency Act," requires nonprofits receiving any federal funding to publicly disclose unredacted donor information (including name, zip code, and contribution amount) within 60 days of filing their annual IRS Form 990. This applies specifically to tax-exempt organizations that receive federal funds, making their major donors' details accessible to the public. Nonprofits failing to file the required Schedule B of Form 990 face automatic revocation of their tax-exempt status after a 60-day grace period. The bill aims to increase transparency around how federal funds are leveraged by nonprofits, requiring disclosure that was previously restricted under IRS rules. It amends tax code provisions to enforce this disclosure and maintain public access to donor information.