Bill 117 H.Con.Res. 65, titled "Expressing the sense of the Congress that tax-exempt fraternal benefit societies have historically provided and continue to provide critical benefits to the people and communities of the United States," highlights the important role that tax-exempt fraternal benefit societies play in supporting individuals and communities across the country.
Fraternal benefit societies are organizations that provide insurance and other financial services to their members, often based on shared values and interests. These societies have a long history of serving their members and communities, offering a range of benefits such as life insurance, disability insurance, and financial assistance in times of need.
The bill recognizes the significant contributions that these societies have made throughout history and acknowledges the ongoing impact they have on the well-being of individuals and communities in the United States. By providing financial security and support to their members, fraternal benefit societies help to promote stability and resilience in times of hardship.
Overall, Bill 117 H.Con.Res. 65 emphasizes the importance of recognizing and supporting tax-exempt fraternal benefit societies for the critical benefits they provide to the people and communities of the United States. It serves as a reminder of the valuable role these organizations play in promoting the financial security and well-being of their members and the broader society.