[Congressional Record Volume 141, Number 191 (Monday, December 4, 1995)]
[Senate]
[Page S17881]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  CHARITABLE GIFT ANNUITY LEGISLATION

  Mr. DOLE. Mr. President, I am pleased that the Senate passed two 
important bills impacting the charitable community--H.R. 2525 and H.R. 
2519. Enactment of these bills was urgently needed to put a stop to 
unwarranted litigation and ensure that charities can continue to accept 
gift annuities from generous donors across the country. For these 
reasons it was important for me to clear the way to immediate passage 
of the bills.
  Charities are critical to the Nation and to communities across the 
country. And charitable gift annuities are an important method for them 
to raise much-needed funds. This legislation will allow universities, 
hospitals, and other important local and national charities to continue 
their significant contributions to communities and the needy.
  I commend my colleagues in the House and Senate for working quickly 
to craft this legislation. Almost 2,000 charities across the country 
have been defendants in unnecessary and unwarranted litigation. This 
congressional act will end the litigation, freeing charities to 
continue their important work.

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