H.R. 8314, titled the “No Foreign Election Interference Act,” aims to amend the Internal Revenue Code to impose financial penalties on certain tax-exempt organizations that contribute to political committees if these organizations receive donations from foreign nationals. The...
Simple Explanation
H.R. 8314 wants to make sure that organizations that don't pay taxes can't secretly help people in other countries give money to politicians. If they do, they might have to pay back twice the money, and if they do it more than twice, they could lose their special tax status.