,,ii  #aagth ,,congress  #ast ,session  
,s4 #caia  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #d1  
#bjba,mr4 ,sasse 7for himself and ,ms4  
,baldwin7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,finance  ,a ,,bill   
,to amend the ,internal ,revenue ,code  
of #aihf to provide for flexible giving 
accounts1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,everyday ,philanthropist ,act4  #b4
 ,flexible giving accounts  7a7 ,in     
general ,subsection 7a7 of section #acb 
of the ,internal ,revenue ,code of #aihf
 is amended by striking or at the end of
 paragraph 7#g71 by striking the period 
at the end of paragraph 7#h7 and        
inserting 1 or1 and by inserting after  
paragraph 7#h7 the following3  7#i7     
flexible giving account4  4  7b7        
,flexible giving account ,section #acb  
of such ,code is amended by             
redesignating subsection 7o7 as         
subsection 7p7 and by inserting after   

subsection 7n7 the following3  7o7      
,flexible giving account  7#a7 ,in      
general  7,a7 ,flexible giving account  
,for purposes of this subsection1 a     
flexible giving account is an account   
under an arrangement which is a separate
 written plan of an employer for the    
exclusive benefit of all eligible       
employees under which-- 7i7 an employee 
may elect-- 7,i7 to receive a reduction 
in compensation and have the employer   
deposit the amount of the reduction in a
 flexible giving account of the electing
 employee1 and  7,,ii7 before the       
reduction under subclause 7,i71 to      
designate #a or more eligible entities  
to which distributions are to be made   
from the account1  7ii7 the employer    
will not make any reduction under clause
 7i77,i7 unless #a or more entities have
 been designated under clause 7i77,,ii71
  7iii7 the employer1 as soon after the 
deposit under clause 7i77,i7 as         
practicable1 makes the disbursements    
designated under clause 7i71  7iv7 the  

employer provides reasonable            
notification of the availability and    
terms of the arrangement to all eligible
 employees1  7v7 the employer maintains 
a separate flexible giving account on   
behalf of each employee for whom an     
election is in effect under clause 7i71 
and  7vi7 the employer agrees to furnish
 to each participating employee1 on or  
before ,january #ca of each year1 a     
written accounting of the employee's    
flexible giving account showing deposits
 and disbursements during the previous  
calendar year4  7,b7 ,maximum reduction 
,the amount of a reduction under        
subparagraph 7,a7 for a taxable year    
shall not exceed #b1gjj4  7#b7 ,eligible
 employee ,for purposes of this         
subsection-- 7,a7 ,in general  7i7      
,eligible employee ,the term eligible   
employee means1 with respect to a       
flexible giving account1 any employee   
who-- 7,i7 is not a highly compensated  
or key employee1 and  7,,ii7 has not    
been excluded from the arrangement      

pursuant to subparagraph 7,b74  7ii7    
,highly compensated employee ,the term  
highly compensated employee has the     
meaning given such term by section      
#dad7q74  7iii7 ,key employee ,the term 
key employee has the meaning given such 
term by section #daf7;i74  7,b7 ,certain
 employees may be excluded  7i7 ,in     
general ,for purposes of subparagraph   
7,a71 an employer may elect to exclude  
under the arrangement described in      
paragraph 7#a7 any employee who-- 7,i7  
has not attained the age of #ba before  
the close of a plan year of the         
arrangement1  7,,ii7 has less than #a   
year of service with the employer as of 
any day during the plan year1 or        
7,,iii7 is described in section         
#daj7;b77#c77;,c7 7relating to          
nonresident aliens working outside the  
,united ,states74  7ii7 ,shorter service
 period2 younger age ,for purposes of   
clause 7i71 an employer may elect to--  
7,i7 reduce the applicable minimum age  
under subclause 7,i7 of such clause1 or 

7,,ii7 reduce the applicable period of  
service under subclause 7,,ii7 of such  
clause4  7#c7 ,tax treatment of         
distributions  7,a7 ,in general ,any    
distribution from a flexible giving     
account shall not be includible in the  
gross income of the eligible employee4  
7,b7 ,coordination with section #agj    
7i7 ,denial of deduction ,no deduction  
shall be allowed under section #agj7;a7 
with respect to any amount distributed  
from the flexible giving account of an  
eligible employee4  7ii7 ,treatment as  
charitable contribution ,except as      
provided in clause 7i71 any distribution
 from the flexible giving account of an 
eligible employee shall otherwise be    
treated as a charitable contribution    
made by such employee for purposes of   
section #agj1 including for purposes of 
any limitation applicable under         
subsection 7b7 of such section4  7#d7   
,eligible entity ,for purposes of this  
subsection1 the term eligible entity    
means any entity described in paragraphs

 7#a7 through 7#e7 of section #agj7;c7  
other than a private foundation         
described in subsection 7b77#a77;,f7 of 
section #agj4  4  7c7 ,effective date   
,the amendments made by this section    
shall apply to taxable years beginning  
after the date of the enactment of this 
,act4