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A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

Bill Number
S. 3554
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-12-17: Read twice and referred to the Committee on Finance.
Last Updated
2026-02-04T11:56:17Z

AI-Generated Summary

Purpose

This bill aims to prevent tax-exempt organizations from supporting terrorist groups by amending the Internal Revenue Code (IRC) to automatically suspend or revoke their tax-exempt status if they provide material support to designated terrorist organizations. The goal is to cut off financial incentives, such as tax deductions for donations, that could indirectly fund terrorism.

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. Cornyn, John [R-TX]

Cosponsors (2)

Sen. Sheehy, Tim [R-MT], Sen. Capito, Shelley Moore [R-WV]

Recent Actions

Bill Versions

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