The Fiscal Sponsorship Transparency Act of 2026 aims to improve transparency and accountability for organizations that operate under fiscal sponsorship. This legislation likely requires fiscal sponsors to disclose financial information and operational practices to ensure that funds are being used appropriately and that the sponsored organizations are adhering to legal and ethical standards.
Supporters of the Fiscal Sponsorship Transparency Act of 2026 have praised it for promoting accountability in the nonprofit sector. They argue that increased transparency will help build public trust in fiscal sponsors and the organizations they support, ultimately leading to more effective charitable giving and improved oversight of nonprofit activities.
Critics of the Fiscal Sponsorship Transparency Act of 2026 have expressed concerns that the bill may impose excessive regulatory burdens on fiscal sponsors and the organizations they support. Some argue that the additional reporting requirements could stifle innovation and limit the ability of smaller nonprofits to operate effectively, potentially hindering their ability to serve their communities.
The analysis of H.R. 9721: Fiscal Sponsorship Transparency Act of 2026, sponsored by Lloyd Smucker, reveals no direct industry overlaps between the sponsor's top donor industries and the bill's subject matter. The top donor industries do not appear to have a vested interest in the transparency of fiscal sponsorship, which suggests a low risk of conflicts of interest. While there is significant lobbying activity in related policy areas, the amounts contributed by these entities do not directly correlate with the bill's objectives. For instance, the American College of Emergency Physicians contributed $498,299, but their interests do not align with the fiscal sponsorship transparency focus of the bill.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| AMERICAN COLLEGE OF EMERGENCY PHYSICIANS | AMERICAN COLLEGE OF EMERGENCY PHYSICIANS | $498,299 |
| TRUST FOR PUBLIC LAND | THE TRUST FOR PUBLIC LAND | $150,000 |
| COLLIER COLLECTIVE, LLC | MCCOLL STRATEGIES LLC | $40,000 |
| HART HEALTH STRATEGIES | TIM YEHL, LLC | $40,000 |
| PANO AI | PANO AI | $40,000 |
| ALLIANCE FOR AUTOMOTIVE INNOVATION | TIM YEHL, LLC | $30,000 |
| BSA, THE SOFTWARE ALLIANCE | TIM YEHL, LLC | $20,000 |
| PSEG SERVICES CORPORATION | TIM YEHL, LLC | $20,000 |
| COUNTY OF NAPA | PARAGON GOVERNMENT RELATIONS | $15,000 |
| LAKE COUNTY | PARAGON GOVERNMENT RELATIONS | $15,000 |
| NEVADA COUNTY | PARAGON GOVERNMENT RELATIONS | $15,000 |
| HUMBOLDT COUNTY | PARAGON GOVERNMENT RELATIONS | $15,000 |
| NATIONAL ASSOCIATION OF COUNTY HUMAN SERVICES ADMINISTRATORS | PARAGON GOVERNMENT RELATIONS | $10,000 |
| NATIONAL CHILD SUPPORT ENFORCEMENT ASSOCIATION | PARAGON GOVERNMENT RELATIONS | $10,000 |
| CLARK COUNTY | PARAGON GOVERNMENT RELATIONS | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Lloyd Smucker, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
