SB3604: Safeguarding Charity Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
Plain-language summary
This bill would change how federal law treats tax exemptions for charities and nonprofits. Specifically, it would clarify that tax breaks given to these organizations are not counted as federal financial assistance under certain laws. Tax exemptions allow organizations to not pay some taxes they otherwise would owe. The bill was introduced in Congress but has not yet been voted on or debated in .
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SB3604: Safeguarding Charity Act
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Sponsors
Marco Rubio
Primary SponsorCo-sponsors (9)
J.D. Vance
Mike Braun
Marsha Blackburn
Josh Hawley
Eric Schmitt