Bill S.4416 titled “A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Bill Cassidy with Steve Daines, Tim Scott, Todd Young as cosponsors.
Bill S.4418 titled “A bill to amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Mark Warner with Cindy Hyde-Smith, Chris Van Hollen, Roger Wicker as cosponsors.
Bill S.4422 titled “A bill to amend the Internal Revenue Code of 1986 to increase the low-income housing credit for rehabilitation expenditures for buildings achieving enhanced energy performance, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Amy Klobuchar with Cory Booker, Tammy Duckworth, Tina Smith, Chris Van Hollen, Elizabeth Warren as cosponsors.
Bill S.4426 titled “A bill to amend the Internal Revenue Code of 1986 to modify rules relating to beneficiaries of charitable remainder trusts” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Todd Young with Maggie Hassan as cosponsor.
The Finance Committee moves forward in some way on one bill per day.
Most bills have a hearing where those involved explain why they are for or against the bill. Roughly 8,000 bills are addressed by committees each year but only about 800 make it to the floor of Congress, according to ushistory.org.
A 2019 report from the Brookings Institute argued committees aren’t capable of delving fully into the issues they address and are forced to rely on lobbyists.
| Bill Name | Sponsor | Action |
|---|---|---|
| A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students. | Sen. Cassidy, Bill | Senate |
| A bill to amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions. | Sen. Warner, Mark R. | Senate |
| A bill to amend the Internal Revenue Code of 1986 to increase the low-income housing credit for rehabilitation expenditures for buildings achieving enhanced energy performance, and for other purposes. | Sen. Klobuchar, Amy | Senate |
| A bill to amend the Internal Revenue Code of 1986 to modify rules relating to beneficiaries of charitable remainder trusts. | Sen. Young, Todd | Senate |
