• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Rubio introduces bill to safeguard tax-exempt groups from federal regulations
Economy

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

by January 18, 2024
by January 18, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp
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
You Might Also Like
  • ‘Zuck Bucks 2.0’: Zuckerberg-funded group pushing millions to influence local election offices, report says
  • Biden under fire for Middle East policy; critics charge he’s preventing ‘Israel from winning’
  • Harvard journal accepts left-wing paper accusing fossil fuel industry of homicide
  • Hawley says Garland should invoke 25th Amendment if DOJ declines to charge Biden: ‘One or the other’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Iran warns attacks on Israel, US will continue as long as IDF remains in Gaza
next post
Stefanik hits back at House Democrat pushing to censure her: ‘Desperate free fall’

You may also like

Signs warning of ‘unexpected pedestrians’ appear in El Paso amid...

January 17, 2023

North Korea slams Pentagon WMD threat report, vows ‘most overwhelming’...

October 5, 2023

Major Democrat donor tied to Biden indicted for allegedly embezzling...

February 2, 2023

Jake Sullivan’s foreign policy blunders resurface after hyping up Middle...

October 12, 2023

The prosecution’s star witness against Trump, Michael Cohen, is a...

May 11, 2024

Trump verdict puts US among infamous countries that prosecuted opposition...

June 1, 2024

Haley courts independents, Democrats as she aims to avoid a...

February 24, 2024

2024 showdown: What happens next in the Kamala Harris-Donald Trump...

August 24, 2024

Protesters storm Kevin McCarthy’s office over HIV bill, get dragged...

September 12, 2023

Texas Rep Dan Crenshaw gives insight into White House briefing...

February 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Wisconsin Supreme Court race spending tops...

    April 4, 2023

    Biden set to address nation after...

    July 24, 2024

    Biden to meet with King Charles...

    July 3, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here