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S 1428
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Safeguarding Charity Act

To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.

Introduced Apr 10, 2025

Latest action (Apr 10, 2025) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Clarifies that tax exemptions for charitable and nonprofit organizations are not considered "Federal financial assistance" under federal law or regulations
  • Applies this clarification to organizations exempt under sections 501(c) and (d) of the Internal Revenue Code and qualified retirement plans under section 401(a)
  • Specifies that this clarification does not apply retroactively to tax exemptions granted before the date of enactment

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
4 cosponsors

Actions (2)
  1. Apr 10, 2025 Read twice and referred to the Committee on Finance. · senate
  2. Apr 10, 2025 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 2896 — Safeguarding Charity Act · Introduced Apr 10, 2025 · Cong. 119 87%
  • S 2358 — IRS Accountability and Taxpayer Protection Act · Introduced Jul 21, 2025 · Cong. 119 73%
  • S 317 — Charitable Act · Introduced Jan 29, 2025 · Cong. 119 72%
  • S 1840 — Taxpayer Protection and Responsible Resolution Act · Introduced Jul 29, 2015 · Cong. 114 71%
  • S 2614 — Protecting and Preserving Social Security Act · Introduced Jul 31, 2025 · Cong. 119 70%
  • HR 4208 — Taxpayer Protection Act · Introduced Jun 26, 2025 · Cong. 119 69%

Full text

IN THE SENATE OF THE UNITED STATES

April 10, 2025

Mr. Lankford (for himself, Mr. Lee, Mr. Hawley, and Mr. Budd) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Safeguarding Charity Act”.

SEC. 2. FEDERAL FINANCIAL ASSISTANCE NOT TO INCLUDE CERTAIN TAX BENEFITS.

(a) In General.—Chapter 1 of title 1, United States Code, is amended by adding at the end the following new section:

“SEC. 9. FEDERAL FINANCIAL ASSISTANCE.

“In the case of any organization described in subsection (c) or

(d) of section 501 of the Internal Revenue Code of 1986 or any organization described in section 401(a) of such Code, for purposes of any Federal law, rule, or regulation, unless explicitly provided otherwise, the term ‘Federal financial assistance,’ or any other term referring to assistance provided by the Federal government, shall not include any exemption from Federal income tax.”.

(b) Clerical Amendment.—The table of contents for chapter 1 of title 1, United States Code, is amended by adding at the end the following new item:

“9. Federal financial assistance.”.

(c) Rule of Construction.—Nothing in this section or the amendments made by this section shall be construed to imply that an exemption from Federal income taxes under section 501(a) of the Internal Revenue Code of 1986 constituted assistance from the Federal government for periods before the date of the enactment of this Act. <all>

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