Safeguarding America’s Nonprofits Act

This bill would add a new subsection to Section 501 of the federal tax code. It states that, for purposes of any federal law, rule, or regulation, an exemption from federal income tax would not count as "Federal financial assistance" or any other kind of assistance from the federal government, unless a law explicitly says otherwise. This applies to tax-exempt organizations described in Section 501(c) or (d) and to retirement plans described in Section 401(a). The bill also states that it should not be read to mean that tax exemptions counted as federal assistance before the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• W. Gregory Steube Republican sponsor
• 2 cosponsors