ReleVote

SPONSOR Act

Bill Number
S. 3942
Origin Chamber
Senate
Congress
119th Congress, Session 2
Policy Area
Taxation
Status
Introduced
Latest Action
2026-02-26: Read twice and referred to the Committee on Finance.
Last Updated
2026-03-31T21:23:22Z

AI-Generated Summary

Purpose The legislation aims to hold tax-exempt charitable organizations accountable for funds they manage as fiscal sponsors, particularly when those funds support activities involving terrorism, interference with constitutional rights, or disruption of commerce.

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. Cruz, Ted [R-TX]

Cosponsors (1)

Sen. Budd, Ted [R-NC]

Recent Actions

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