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119-s-3610119th CongressWALLET

No Funding for Foreign Agents Act

Sponsored By: Senator Banks, Jim [R-IN]

Introduced

Summary

Blocks U.S. federal funding to entities controlled by agents of certain foreign governments. This bill would bar direct and indirect U.S. financial assistance to any entity that is controlled by an agent of a "covered foreign principal" and spells out who counts as an agent, what control means, which countries are "covered nations", and what counts as direct or indirect assistance.

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  • U.S. grant recipients and pass-through organizations: would be prohibited from awarding federal funds to any entity controlled by an agent of a covered foreign principal. The bill defines "pass-through entity" to include organizations that receive federal funds and distribute them to others.
  • Entities tied to listed covered nations: organizations organized in or closely connected to the named countries would be ineligible for federal contracts, grants, loans, cooperative agreements, or other U.S. financial assistance if controlled by such agents.
  • Service providers paid by vouchers or beneficiary-directed payments: providers that rely on those payment mechanisms would be barred from receiving those funds if they are controlled by an agent of a covered foreign principal.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Protect funding for unaffected organizations

If enacted, the bill would make clear it does not stop U.S. financial help to entities that are not controlled by an agent of a covered foreign principal. It would also say it does not terminate foreign assistance defined in the Foreign Assistance Act (22 U.S.C. 2394(b)(1)). These protections would take effect upon enactment.

Stop U.S. funding to foreign-controlled groups

If enacted, the bill would bar U.S. government money from going to any entity that is controlled by an agent of a listed foreign principal. This would cover direct funding like contracts, grants, loans, and cooperative agreements. It would also block indirect funding paid through vouchers or certificates when the provider is controlled as defined. The bill would define "agent" to include diplomats, known foreign officials, lobbyists who must register, and persons covered by 18 U.S.C. 951. The bill would define "controlled" by reference to 31 C.F.R. 80.208 and add an ownership test. The list of covered nations would include China, Russia, Iran, and North Korea, among others.

Sponsors & CoSponsors

Sponsor

Banks, Jim [R-IN]

IN • R

Cosponsors

  • Sen. McCormick, David [R-PA]

    PA • R

    Sponsored 8/5/2026

Roll Call Votes

No roll call votes available for this bill.

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