115 HR 2338 IH: 501(c)(4) Reform Act of 2017 U.S. House of Representatives 2017-05-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I115th CONGRESS1st SessionH. R. 2338IN THE HOUSE OF REPRESENTATIVESMay 3, 2017Ms. Michelle Lujan Grisham of New Mexico introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo 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.