[Congressional Record Volume 141, Number 190 (Thursday, November 30, 1995)]
[Extensions of Remarks]
[Page E2274]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 IN SUPPORT OF H.R. 2525 AND H.R. 2519

                                 ______


                               speech of

                           HON. NANCY PELOSI

                             of california

                    in the house of representatives

                       Tuesday, November 28, 1995

  Ms. PELOSI. Mr. Speaker, I rise to offer my support for both H.R. 
2525, the Charitable Gift Annuity Relief Act, and H.R. 2519, the 
Philanthropy Protection Act. These bills offer much-needed clarity to 
our securities and antitrust laws and will encourage continued 
charitable giving by our Nation's non-profit organizations.
  Charitable gift annuities and charitable trusts make it possible for 
donors to make contributions while still retaining some income from the 
gift. This legislation encourages this flexible arrangement and should 
be supported.
  Mr. Speaker, the people of the United States are the most generous in 
the world. In 1995 alone, contributions to charity totaled $120 
billion. These bills will ensure that this level of generosity 
continues. Vote ``Yes'' on H.R. 2519 and H.R. 2525.

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