,,ii  #aahth ,,congress  #b;d ,session  
,s4 #cfjd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #ag1  
#bjbd,mr4 ,rubio 7for himself1 ,mr4     
,vance1 ,mr4 ,braun1 ,mrs4 ,blackburn1  
,mr4 ,hawley1 ,mr4 ,schmitt1 ,mr4 ,cruz1
 ,mr4 ,lankford1 and ,mr4 ,lee7         
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend title #a1 ,united ,states ,code1  
to clarify that certain tax exemptions  
are not treated as ,federal financial   
assistance4  #a4 ,short title ,this ,act
 may be cited as the ,safeguarding      
,charity ,act4  #b4 ,federal financial  
assistance not to include certain tax   
benefits  7a7 ,in general ,chapter #a of
 title #a1 ,united ,states ,code1 is    
amended by adding at the end the        
following new section3  #i4 ,federal    
financial assistance ,in the case of any
 organization described in subsection   
7c7 or 7d7 of section #eja of the       
,internal ,revenue ,code of #aihf or any

 organization described in section      
#dja7;a7 of such ,code1 for purposes of 
any ,federal law1 rule1 or regulation1  
unless explicitly provided otherwise1   
the term ,federal financial assistance1 
or any other term referring to          
assistance provided by the ,federal     
government1 shall not include any       
exemption from ,federal income tax4  4  
7b7 ,clerical amendment ,the table of   
contents for chapter #a of title #a1    
,united ,states ,code1 is amended by    
adding at the end the following new     
item3  #i4 ,federal financial           
assistance4  4  7c7 ,rule of            
construction ,nothing in this section or
 the amendments made by this section    
shall be construed to imply that an     
exemption from ,federal income taxes    
under section #eja7;a7 of the ,internal 
,revenue ,code of #aihf constituted     
assistance from the ,federal government 
for periods before the date of the      
enactment of this ,act4