501(c)(4) Reform Act of 2017

Bill: 115-hr-2338
Sponsor: full_name: Rep. Lujan Grisham, Michelle [D-NM-1]
Introduced: 2017-05-03
Policy area: Taxation
Subjects: Elections, voting, political campaign regulation

Political advertising

Tax-exempt organizations
Latest action: action_date: 2017-05-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-05-03
action_desc: Introduced in House
text: <p><strong>501(c)(4) Reform Act of 201</strong><b>7</b></p> <p>This bill amends the Internal Revenue Code, with respect to the tax exemption under section 501(c)(4) for social welfare organizations and local associations of employees, to prohibit such entities from participating or intervening (including the publishing or distributing of statements) in any political campaign on behalf of, or in opposition to, any candidate for public office.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2338 IN THE HOUSE OF REPRESENTATIVES May 3, 2017 Ms. Michelle Lujan Grisham of New Mexico introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to prohibit 501(c)(4) entities from participating in, or intervening in (including the publishing or distributing of statements), any political campaign.

1. Short title This Act may be cited as the 501(c)(4) Reform Act of 2017 . 2. 501(c)(4) entities prohibited from participating in, or intervening in (including the publishing or distributing of statements), political campaigns (a) In general Section 501(c)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following: (C) Subparagraph (A) shall not apply to an entity if the entity participates in, or intervenes in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office. . (b) Effective date The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.