A bill to amend the Internal Revenue Code of 1986 to provide that 501(c)(3) organizations are liable for the use of funding provided as a fiscal sponsor.

Hozzl · 2026-02-27T11:56:23Z

Explore the details of Senate Bill 3942 A bill to amend the Internal Revenue Code of 1986 to provide that 501(c)(3) organizations are liable for the use of funding provided as a fiscal sponsor. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/27/2026, 11:56 AM

Summary of Bill S 3942

The bill titled "A bill to amend the Internal Revenue Code of 1986 to provide that 501(c)(3) organizations are liable for the use of funding provided as a fiscal sponsor" was introduced in the 119th Congress on February 26, 2026.

Current Status of Bill S 3942

Bill S 3942 is currently in the status of Bill Introduced since February 26, 2026. Bill S 3942 was introduced during Congress 119 and was introduced to the Senate on February 26, 2026. Bill S 3942's most recent activity was Read twice and referred to the Committee on Finance. as of February 26, 2026

Bipartisan Support of Bill S 3942

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3942

Primary Policy Focus

Alternate Title(s) of Bill S 3942

A bill to amend the Internal Revenue Code of 1986 to provide that 501(c)(3) organizations are liable for the use of funding provided as a fiscal sponsor.