House votes to protect 'dark money' political donors
Source: Reuters
The Republican-controlled U.S. House of Representatives voted on Tuesday to protect the identities of wealthy individuals and others who make anonymous, or "dark money," donations to politically active nonprofit groups.
The measure, which drew lobbying support from billionaire industrialists Charles and David Koch, was approved in a 240-180 vote along party lines. It would prohibit the Internal Revenue Service from collecting the names and addresses of donors who contribute $5,000 or more to 501(c) organizations, a name that refers to the tax code section that covers them. The action sent the bill on to the Senate.
Although the measure would apply to all 501(c) tax-exempt groups, such as universities, hospitals and charities, politically active nonprofits are the intended beneficiaries.
Republicans said the legislation would prevent the Internal Revenue Service from targeting conservative groups following 2013 revelations that Tea Party organizations were subjected to extra scrutiny.
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Read more: http://www.reuters.com/article/us-usa-election-congress-idUSKCN0Z02PO
Politics | Tue Jun 14, 2016 6:11pm EDT
WASHINGTON | BY DAVID MORGAN
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