S. 3554
Introduced in Senate · January 21, 2026December 17, 2025
Mr. Cornyn (for himself and Mr. Sheehy) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Termination of tax-exempt status of terrorist supporting organizations.
- (a) In general.— Section 501(p) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: