Representative Judy Chu introduces H.R. 10651: End Tax Breaks for Dark Money Act

We have received text from H.R. 10651: End Tax Breaks for Dark Money Act. This bill was received on 2026-10-01, and currently has 16 cosponsors.

Here is a short summary of the bill:

This bill would change how taxes apply when someone donates appreciated property —such as stocks that have gone up in value—to certain tax-exempt groups.

What it would do

Under current law, a donor may be able to transfer appreciated property to some tax-exempt organizations without recognizing the gain in the same way they would if they sold the property first. This bill would expand the tax rule that already applies to political organizations so that it also applies to a broader set of tax-exempt groups.

In practical terms, the bill would treat transfers of appreciated property to these groups the same as transfers to political organizations for tax purposes.

Which organizations are covered

The bill defines the covered “specified organizations” as:

• Political organizations as defined in the tax code, and
• Certain tax-exempt organizations described in sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code.

These are generally:

• 501(c)(4) : social welfare organizations,
• 501(c)(5) : labor, agricultural, and horticultural organizations, and
• 501(c)(6) : business leagues, chambers of commerce, and similar trade or professional groups.

How the tax rule would change

The bill would amend section 84 of the tax code so that the rule on transfers of appreciated property applies not just to political organizations, but to these broader “specified organizations.” It also makes corresponding wording changes in the section heading and table of contents.

When it would take effect

The changes would apply to transfers made after the date the bill is enacted, and for taxable years ending after that date.

Relevant Companies

• CVS — If charitable or advocacy groups associated with corporations or industry interests receive appreciated property, the bill could affect how those donations are made and the tax treatment of related transfers.
• KO — Large companies that support tax-exempt advocacy, trade, or membership organizations could see indirect effects if donation structures involving appreciated assets become less tax-advantaged.
• JPM — Financial firms that participate in or support trade associations and other covered organizations could be indirectly affected if the tax cost of contributing appreciated property changes.
• BA — Companies that contribute to business leagues or chambers of commerce through appreciated assets could face different tax treatment for those donations.

Representative Judy Chu Bill Proposals

Here are some bills which have recently been proposed by Representative Judy Chu:

• H.R.10651: End Tax Breaks for Dark Money Act
• H.R.10045: Protect American Values Act
• H.R.9699: Drug Deal Disclosure Act
• H.R.9400: American Rescuers of the Holocaust Congressional Gold Medal Act of 2026
• H.R.9024: Harry Lew and Danny Chen Military Justice Reform Act
• H.R.8604: Language Access Board Act of 2026

You can track bills proposed by Representative Judy Chu on Investivoq's politician page for Chu.

Representative Judy Chu Net Worth

Investivoq estimates that Representative Judy Chu is worth $15.2M, as of October 6th, 2026. This is the 86th highest net worth in Congress, per our live estimates.

Chu has approximately $7.3M invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Judy Chu's net worth on Investivoq's politician page for Chu.

Representative Judy Chu Stock Trading

We have data on up to $11.6M of trades from Representative Judy Chu, which we parsed from STOCK Act filings. Some of the largest trades include:

• A January 10th, 2024 purchase of up to $250K of $AMEH. The stock has risen 8.39% since then.
• A August 19th, 2025 purchase of up to $250K of $ASTH. The stock has risen 23.9% since then.
• A October 10th, 2018 sale of up to $100K of $IBM. The stock has risen 62.43% since then.
• A October 10th, 2018 sale of up to $100K of $ALL. The stock has risen 131.97% since then.
• A October 10th, 2018 sale of up to $50K of $DFS. The stock has risen 164.9% since then.

You can track Representative Judy Chu's stock trading on Investivoq's politician page for Chu.

2026 California's 28th Congressional District Election

There has been approximately $1,183,388 of spending in California's 28th congressional district elections over the last two years, per our estimates.

The rating for this race is currently "Solid D".

You can track this election on our matchup page for the 2026 California's 28th congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.