Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Rubio introduces bill to safeguard tax-exempt groups from federal regulations

by January 18, 2024
January 18, 2024
Rubio introduces bill to safeguard tax-exempt groups from federal regulations
Read this article for free!
Plus get unlimited access to thousands of articles, videos and more with your free account!
Please enter a valid email address.
By entering your email, you are agreeing to Fox News Terms of Service and Privacy Policy, which includes our Notice of Financial Incentive. To access the content, check your email and follow the instructions provided.

FIRST ON FOX: Sen. Marco Rubio, R-Fla., will introduce a bill Wednesday that aims to protect the independence of tax-exempt organizations from being subject to erroneous federal regulations.

The bill, called the Safeguarding Charity Act, comes after two recent court decisions ruled private organizations are subject to federal restrictions simply due to their tax-exempt status.

‘Civic organizations like churches, schools, and charities are crucial to our communities,’ Rubio said in a statement to Fox News Digital. ‘I remain concerned by recent court decisions that could subject these organizations to burdensome federal regulations simply because they are tax-exempt.’

The bill ‘would protect these organizations from the government’s politicized battles,’ Rubio said.

Rubio’s bill comes as recent federal court decisions assert that private institutions, based on their tax-exempt status, could face federal restrictions. This poses a risk of penalties for private schools, churches and nonprofit charities that fail to comply with onerous and politically charged regulations.

The courts deemed tax-exempt status as a form of ‘federal financial assistance,’ as seen in the cases of Buettner-Hartsoe v. Baltimore Lutheran High School in 2021 and E.H. v. Valley Christian Academy in 2022. 

These court decisions have the potential to affect a range of tax-exempt organizations that are not currently receiving federal financial assistance, according to Rubio’s office.

This includes private K-12 schools, certain higher education institutions, houses of worship, charitable organizations, private foundations, labor unions, social welfare organizations, homeowners associations, volunteer fire companies, credit unions, chambers of commerce, boards of trade and veterans organizations.

The recent rulings could threaten single-sex private schools, churches and charities. For example, a private Catholic all-girls school would not be able to deny a biological male who identifies as a transgender female from attending.

‘If the reasoning of these decisions is more widely embraced, hundreds of thousands of tax-exempt organizations will be unexpectedly subject to burdensome federal statutes and regulations for the first time,’ the bill text analysis reads. ‘They will incur substantial compliance costs and could potentially lose their tax-exempt status if they are found to have violated any of the relevant statutes.’

Sens. Mike Braun, R-Ind., JD Vance, R-Ohio, and Marsha Blackburn, R-Tenn., are co-sponsoring the legislation, and House Rep. Greg Steube, R-Fla., introduced companion legislation in the House.

‘Due to multiple, radical judicial decisions targeting religious schools, Congress must now codify that an organization holding tax-exempt status is not to be considered as a recipient of federal financial assistance,’ Steube said in a statement.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Jamie Dimon says Trump ‘wasn’t wrong’ about critical issues, warns Biden campaign on MAGA label
next post
Stefanik hits back at House Democrat pushing to censure her: ‘Desperate free fall’

You may also like

Biden says border looks ‘much better than you...

May 15, 2023

‘He’s not a big factor’: Trump’s Senate allies...

June 5, 2025

Former DeSantis Foe, Disgraced Democrat Andrew Gillum, Wants...

November 14, 2022

Voters react to Gov. Tim Walz claiming abortion...

October 2, 2024

GOP lawmakers renew calls to ban TikTok after...

November 18, 2023

Trump names latest Cabinet picks as Jan. 20...

January 10, 2025

Pentagon announces new counter-drone strategy as unmanned attacks...

December 9, 2024

Republicans raise alarm on failed Biden nominee who...

September 20, 2023

Migrant encounters hit 156,274 in January as Biden...

February 11, 2023

55-Year-Old “Local Radio Legend” Dies Suddenly on Air...

October 25, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025
    • UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech

      June 10, 2025
    • Shark Tank study shows charming narcissists get funding

      June 10, 2025
    • Social media creators to eclipse traditional media in global ad revenue for first time

      June 10, 2025
    • London AI firm claims Getty copyright lawsuit is an ‘existential threat’ to generative tech industry

      June 10, 2025
    • UK wage growth slows and unemployment rises to four-year high

      June 10, 2025

    Categories

    • Business (8,170)
    • Investing (2,021)
    • Politics (15,579)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved