,i #aai? ,,congress #b;d ,session ,h4 ,r4 #hhda ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #ad1 #bjbf,mr4 ,:itesides 7= himself1 ,mr4 ,%reve1 & ,mr4 ,au/9 ,scott ( ,georgia7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,vet]ans' ,affairs ,a ,,bill ,to am5d title #ch1 ,unit$ ,/ates ,code1 to e/abli% ! ,vet]an ,scam ,victims ,f\ndation1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,vet]an ,scam ,victims ,f\ndation ,act4 #b4 ,vet]an ,scam ,victims ,f\ndation 7a7 ,9 g5]al ,title #ch1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ aft] *apt] #hc ! foll[+ new *apt]3 #hd ,vet]an ,scam ,victims ,f\ndation ,*apt] #hd--,vet]an ,scam ,victims ,f\ndation #hdja4 ,e/abli%m5t & purposes ( ,f\ndation4 #hdjb4 ,bo>d4 #hdjc4 ,gifts1 devises1 or beque/s4 #hdjd4 ,disposition ( prop]ty or income4 #hdje4 ,corporate succession & p[]s & duties act+ z tru/ee2 p]sonal liability = malfeasance4 #hdjf4 ,corporate p[]s4 #hdjg4 ,au?ority ( ,bo>d4 #hdjh4 ,tax exemptions2 contributions t[>d co/s ( local gov]nm5t2 contributions1 gifts1 or transf]s to or = use ( ! ,unit$ ,/ates4 #hdji4 ,liability ( ! ,unit$ ,/ates4 #hdaj4 ,annual report4 #hdja4 ,e/abli%m5t & purposes ( ,f\ndation 7a7 ,e/abli%m5t ,!re is e/abli%$ ! ,vet]an ,scam ,victims ,f\ndation 79 ?is *apt] ref]r$ to z ! ,f\ndation74 ,! ,f\ndation is a *>itable & nonpr(it corporation & is n an ag5cy or e/abli%m5t ( ! ,unit$ ,/ates4 7b7 ,/atus ,except z o!rwise provid$ 9 ?is *apt]1 ! ,f\ndation %all be subject to1 & h all ! p[]s conf]r$ ^u a nonpr(it corporation by1 ! ,di/rict ( ,columbia ,nonpr(it ,corporation ,act4 7c7 ,purposes 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! purposes ( ! ,f\ndation are-- 7,a7 to enc\rage1 accept1 & adm9i/] private gifts ( prop]ty = ! b5efit (1 or 9 connection )1 ! activities ( ! ,dep>tm5t1 to prev5t vet]ans & _! b5efici>ies f becom+ ! victims ( scams2 & 7,b7 to und]take & conduct su* o!r activities z w protect vet]ans & _! b5efici>ies f scams1 su* z to educate vet]ans & _! b5efici>ies ab\t scams & support !m :5 !y h become victims ( scams4 7#b7 ,comp5sation n includ$ ,! purposes ( ! ,f\ndation d n include provid+ comp5sation to vet]ans or _! b5efici>ies = monet>y losses 9 connection ) scams4 #hdjb4 ,bo>d 7a7 ,memb]%ip ,! ,f\ndation %all consi/ ( a ,bo>d hav+ z memb]s ! foll[+3 7#a7 ,! ,secret>y ( ,vet]ans ,affairs 7or ! ,secret>y's designee74 7#b7 ,six private citiz5s ( ! ,unit$ ,/ates1 ( :i*-- 7,a7 "o %all be appo9t$ by ! ,secret>y ( ,comm]ce2 7,b7 "o %all be appo9t$ by ! ,secret>y ( ,def5se2 7,c7 "o %all be appo9t$ by ! ,attorney ,g5]al2 7,d7 "o %all be appo9t$ by ! ,*air ( ! ,f$]al ,trade ,commission2 7,e7 "o %all be appo9t$ by ! ,commission] ( ! ,int]nal ,rev5ue ,s]vice2 & 7,f7 "o %all be appo9t$ by ! ,adm9i/rator ( ! ,social ,security ,adm9i/ration4 7#c7 ,up to ?ree memb]s z ! ,secret>y ( ,vet]ans ,affairs consid]s appropriate1 ea* ( :om %all be a private citiz5 ( ! ,unit$ ,/ates appo9t$ by ! ,secret>y ( ,vet]ans ,affairs4 7b7 ,t]m ( (fice & vacancies 7#a7 ,9 g5]al ,! t]m ( ! private citiz5 memb]s ( ! ,bo>d is six ye>s4 ,if a successor is *os5 to fill a vacancy occurr+ prior to ! expiration ( a t]m1 ! successor %all be *os5 only = ! rema9d] ( t t]m4 7#b7 ,initial t]ms ,! initial t]ms ( ! fir/ private citiz5 memb]s ( ! ,f\ndation %all be /agg]$ s t-- 7,a7 ! fir/ memb]s appo9t$ "u subsections 7a77#b77;,a7 & 7,b7 s]ve initial t]ms ( six ye>s2 7,b7 ! fir/ memb]s appo9t$ "u subsections 7a77#b77;,c7 & 7,d7 s]ve initial t]ms ( f\r ye>s2 7,c7 ! fir/ memb]s appo9t$ "u subsections 7a77#b77;,e7 & 7,f7 s]ve initial t]ms ( two ye>s2 & 7,d7 ! fir/ memb]s appo9t$ "u subsection 7a77#c71 if any1 s]ve initial t]ms ( six1 f\r1 or two ye>s1 z det]m9$ by ! ,secret>y ( ,vet]ans ,affairs 7or ! ,secret>y's designee71 except t no m ?an "o 9 e ?ree su* memb]s may s]ve an initial t]m ( six ye>s & no m ?an "o 9 e ?ree may s]ve an initial t]m ( f\r ye>s4 7c7 ,*airman ,! ,secret>y ( ,vet]ans ,affairs 7or ! ,secret>y's designee7 %all be ! ,*airman ( ! ,bo>d4 7d7 ,bo>d memb]%ip n an (fice ,memb]%ip on ! ,bo>d %all n be an (fice )9 ! mean+ ( ! /atutes ( ! ,unit$ ,/ates4 7e7 ,quorum ,a majority ( ! memb]s ( ! ,bo>d s]v+ at any "t %all con/itute a quorum = ! transaction ( bus9ess4 7f7 ,seal ,! ,f\ndation %all h an (ficial seal select$ by ! ,bo>d1 :i* %all be judicially notic$4 7g7 ,meet+s ,! ,bo>d %all meet at ! call ( ! ,*airman & !re %all be at lea/ "o meet+ ea* ye>4 7h7 ,comp5sation & reimbursem5t ,no comp5sation %all be paid to ! memb]s ( ! ,bo>d = _! s]vices z memb]s1 b !y %all be reimburs$ = actual & necess>y travel+ & subsi/5ce exp5ses incurr$ by !m 9 ! p]=mance ( _! duties z memb]s out ( ,f\ndation funds available to ! ,bo>d = ^? purposes4 #hdjc4 ,gifts1 devises1 or beque/s 7a7 ,au?ority ,to accept gifts1 devises1 or beque/s 7#a7 ,9 g5]al ,! ,f\ndation may accept1 receive1 solicit1 hold1 adm9i/]1 & use any gifts1 devises1 or beque/s1 ei!r absolutely or 9 tru/ ( real or p]sonal prop]ty1 or any income f1 or o!r int]e/ 91 ! gift1 devise1 or beque/1 = ! b5efit (1 or 9 connection )1 ! ,dep>tm5t1 its activities1 or its s]vices4 7#b7 ,coord9ation ) ,dep>tm5t ,activities ( ! ,f\ndation "u p>agraph 7#a7 %all be und]tak5 aft] consultation ) ! ,secret>y ( ,vet]ans ,affairs to ensure t ^? activities are consi/5t ) ! programs & policies ( ! ,dep>tm5t4 7#c7 ,gift1 devise1 or beque/ t is encumb]$1 re/rict$1 or subject to b5eficial int]e/s ,a gift1 devise1 or beque/ may be accept$ by ! ,f\ndation ev5 ?\gh x is encumb]$1 re/rict$1 or subject to b5eficial int]e/s ( private p]sons if any curr5t or future int]e/ 9 ! gift1 devise1 or beque/ is = ! b5efit ( ! ,dep>tm5t1 its activities1 or its s]vices4 7b7 ,:5 gift1 devise1 or beque/ may n be accept$ ,! ,f\ndation may n accept any gift1 devise1 or beque/ t entails any exp5diture o!r ?an f ! res\rces ( ! ,f\ndation4 #hdjd4 ,disposition ( prop]ty or income 7a7 ,au?ority ,to dispose or deal ) prop]ty or income ,except z o!rwise requir$ by ! in/rum5t ( transf]1 ! ,f\ndation may sell1 lease1 inve/1 re9ve/1 reta91 or o!rwise dispose ( or deal ) any prop]ty or income f ! prop]ty z ! ,bo>d may det]m9e4 7b7 ,re/riction ,! ,f\ndation %all n engage 9 any bus9ess or make any inve/m5t t may n lawfully be made by a tru/ company 9 ! ,di/rict ( ,columbia1 except t ! ,f\ndation may make any inve/m5t au?oriz$ by ! in/rum5t ( transf]1 & may reta9 any prop]ty accept$ by ! ,f\ndation4 7c7 ,use ( s]vices & facilities ( ! ,dep>tm5t ,! ,f\ndation may utilize ! s]vices & facilities ( ! ,dep>tm5t1 & ! s]vices & facilities may be made available on reque/ to ! ext5t practicable ) or )\t reimbursem5t4 ,am\nts reimburs$ to ! ,dep>tm5t %all be return$ by ! ,dep>tm5t to ! acc\nt f :i* ! funds = :i* ! reimbursem5t is made 7 drawn & may1 )\t fur!r appropriation1 be exp5d$ = any purpose = :i* ! acc\nt is au?oriz$4 #hdje4 ,corporate succession & p[]s & duties act+ z tru/ee2 p]sonal liability = malfeasance 7a7 ,p]petual succession ,! ,f\ndation %all h p]petual succession4 7b7 ,p[]s & duties ( tru/ee ,! ,f\ndation %all h all ! usual p[]s & obligations ( a corporation act+ z a tru/ee1 includ+ ! p[] to sue & to be su$ 9 its own "n4 7c7 ,p]sonal liability ( bo>d memb]s ,! memb]s ( ! ,bo>d %all n be p]sonally liable1 except = malfeasance4 #hdjf4 ,corporate p[]s ,! ,f\ndation %all h ! p[] to ent] into contracts1 to execute in/rum5ts1 & g5]ally to d any & all lawful acts necess>y or appropriate to its purposes4 #hdjg4 ,au?ority ( ,bo>d ,9 c>ry+ out ?is *apt]1 ! ,bo>d may-- 7#a7 adopt bylaws & regulations necess>y = ! adm9i/ration ( its functions2 & 7#b7 contract = any necess>y s]vices4 #hdjh4 ,tax exemptions2 contributions t[>d co/s ( local gov]nm5t2 contributions1 gifts1 or transf]s to or = use ( ! ,unit$ ,/ates 7a7 ,tax exemption ,! ,f\ndation & any income or prop]ty receiv$ or own$ by x1 & all transactions relat+ to t income or prop]ty1 %all be exempt f all ,f$]al1 ,/ate1 & local taxation4 7b7 ,contributions 9 lieu ( taxes ,! ,f\ndation may-- 7#a7 contribute t[>d ! co/s ( local gov]nm5t 9 am\nts n 9 excess ( ^? :i* x w\ld be obligat$ to pay t gov]nm5t if x 7 n exempt f taxation by virtue ( subsection 7a7 or by virtue ( its be+ a *>itable & nonpr(it corporation2 & 7#b7 agree to contribute ) respect to prop]ty transf]r$ to x & ! income d]iv$ f ! prop]ty if ! agreem5t is a condition ( ! transf]4 7c7 ,transf]s deem$ ,to be to or = ! use ( ,unit$ ,/ates ,contributions1 gifts1 & o!r transf]s made to or = ! use ( ! ,f\ndation %all be deem$ to be contributions1 gifts1 or transf]s to or = ! use ( ! ,unit$ ,/ates4 #hdji4 ,liability ( ! ,unit$ ,/ates ,! ,unit$ ,/ates %all n be liable = any debts1 defaults1 acts1 or omissions ( ! ,f\ndation4 #hdaj4 ,annual report 7a7 ,report requir$ ,! ,f\ndation %all1 z soon z practicable aft] ! end ( ea* fiscal ye>1 transmit to ! appropriate congressional committees an annual report ( its proce$+s & activities1 includ+ a full & complete /atem5t ( its receipts1 exp5ditures1 & inve/m5ts4 7b7 ,def9ition ,9 ?is section1 ! t]m appropriate congressional committees means-- 7#a7 ! ,committee on ,vet]ans' ,affairs & ! ,committee on ,appropriations ( ! ,s5ate2 & 7#b7 ! ,committee on ,vet]ans' ,affairs & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives4 4 7b7 ,cl]ical am5dm5ts ,! tables ( *apt]s at ! beg9n+ ( title #ch1 ,unit$ ,/ates ,code1 & ( "p ,,vi ( su* title1 are ea* am5d$ by ins]t+ aft] ! item relat+ to *apt] #hc ! foll[+ new item3 #hd4,vet]an ,scam ,victims ,f\ndation#hdja 4