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SPONSOR Act

3/19/2026, 10:34 PM

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.

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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
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3942

Primary Policy Focus

Taxation

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.
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.

Comments

Brynleigh Harmon profile image

Brynleigh Harmon

709

12 days ago

Ugh, this bill is such a joke. Can't believe they're even wasting time on it. Just another example of politicians trying to look busy without actually doing anything useful. SMH.

Sponsors and Cosponsors of S 3942

Ted Cruz
Ted Cruz
TexasRepublican
Ted Budd
Ted Budd
North CarolinaRepublican

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