Safeguarding Charity Act
2/1/2024, 2:30 PMSummary of Bill S 3604
Bill 118 s 3604, also known as the Safeguarding Charity Act, is a piece of legislation introduced in the US Congress with the aim of protecting charitable organizations from fraud and abuse. The bill seeks to increase transparency and accountability within the nonprofit sector by implementing stricter regulations and oversight measures.One of the key provisions of the Safeguarding Charity Act is the requirement for charitable organizations to disclose more detailed financial information, including how donations are being used and distributed. This information would be made available to the public in order to increase transparency and ensure that donors are aware of how their contributions are being utilized.
Additionally, the bill includes measures to prevent fraudulent activities within charitable organizations, such as requiring background checks for key personnel and implementing stricter penalties for those found guilty of misusing funds or engaging in fraudulent behavior. Overall, the Safeguarding Charity Act aims to protect the integrity of charitable organizations and ensure that donations are being used for their intended purposes. By increasing transparency and accountability within the nonprofit sector, the bill seeks to build trust among donors and strengthen the effectiveness of charitable organizations in serving their communities.
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Current Status of Bill S 3604
Bill S 3604 is currently in the status of Bill Introduced since January 17, 2024. Bill S 3604 was introduced during Congress 118 and was introduced to the Senate on January 17, 2024. Bill S 3604's most recent activity was Read twice and referred to the Committee on Finance. as of January 17, 2024Bipartisan Support of Bill S 3604
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
16Democrat Cosponsors
0Republican Cosponsors
16Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3604
Primary Policy Focus
Alternate Title(s) of Bill S 3604
Safeguarding Charity ActSafeguarding Charity ActA bill to amend title 1, United States Code, to clarify that certain tax exemptions are not treated as Federal financial assistance.Comments
Most relevant
Sponsors and Cosponsors of S 3604
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