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Safeguarding Charity Act

Bill Number
S. 1428
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-04-10: Read twice and referred to the Committee on Finance.
Last Updated
2025-12-05T22:47:38Z

AI-Generated Summary

Purpose

The Safeguarding Charity Act (S. 1428) aims to clarify that exemptions from federal income taxes for certain nonprofit organizations do not qualify as "Federal financial assistance." This prevents these tax benefits from triggering additional federal regulations or requirements that typically apply to recipients of direct government funding.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Lankford, James [R-OK]

Cosponsors (4)

Sen. Lee, Mike [R-UT], Sen. Hawley, Josh [R-MO], Sen. Budd, Ted [R-NC], Sen. Schmitt, Eric [R-MO]

Recent Actions

Bill Versions

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