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To amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.
Summary
This bill clarifies that tax exemptions for charitable organizations, religious organizations, and pension plans under the Internal Revenue Code shall not be treated as federal financial assistance for purposes of any federal law, rule, or regulation. The bill amends title 1 of the United States Code to add a new section stating that tax-exempt status does not constitute federal financial assistance unless a law explicitly provides otherwise. The bill does not change the tax exemptions themselves but clarifies how they are treated under federal laws that may condition requirements or restrictions on receiving federal financial assistance. The bill includes a rule of construction stating it applies prospectively and does not retroactively characterize past tax exemptions as assistance.
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)
- Sen. Lankford, James [R-OK] (R-OK)
4 cosponsors
- Sen. Budd, Ted [R-NC] (R-NC)
- Sen. Hawley, Josh [R-MO] (R-MO)
- Sen. Lee, Mike [R-UT] (R-UT)
- Sen. Schmitt, Eric [R-MO] (R-MO)
Actions (2)
- Apr 10, 2025 Read twice and referred to the Committee on Finance. · senate
- 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.
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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