[Congressional Record Volume 148, Number 138 (Monday, October 21, 2002)]
[House]
[Page H8032]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  DIRECTING THE CLERK TO MAKE TECHNICAL CORRECTIONS IN ENGROSSMENT OF 
    H.R. 5603, SUSPENDING TAX-EXEMPT STATUS OF DESIGNATED TERRORIST 
                             ORGANIZATIONS

  Mr. WOLF. Mr. Speaker, I ask unanimous consent that in the 
engrossment of the bill, H.R. 5603, the Clerk be directed to make the 
technical and substantive modifications that I have placed at the desk.
  The SPEAKER pro tempore. The Clerk will report the technical 
corrections.
  The Clerk read as follows:

                               H.R. 5603

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SUSPENSION OF TAX-EXEMPT STATUS OF DESIGNATED 
                   TERRORIST ORGANIZATIONS.

       (a) In General.--Section 501 of the Internal Revenue Code 
     of 1986 (relating to exemption from tax on corporations, 
     certain trusts, etc.) is amended by redesignating subsection 
     (p) as subsection (q) and by inserting after subsection (o) 
     the following new subsection:
       ``(p) Suspension of Tax-Exempt Status of Designated 
     Terrorist Organizations.--
       ``(1) In general.--The exemption from tax under subsection 
     (a) with respect to any organization shall be suspended 
     during any period in which the organization is a designated 
     terrorist organization.
       ``(2) Designated terrorist organization.--For purposes of 
     this subsection, the term `designated terrorist organization' 
     means an organization which--
       ``(A) is designated as a terrorist organization in or 
     pursuant to an Executive order or otherwise under the 
     authority of--
       ``(i) section 212(a)(3) or 219 of the Immigration and 
     Nationality Act,
       ``(ii) the International Emergency Economic Powers Act, or
       ``(iii) section 5 of the United Nations Participation Act, 
     or
       ``(B) is designated in or pursuant to an Executive order or 
     otherwise as supporting terrorist activity (as defined in 
     section 212(a)(3)(B) of the Immigration and Nationality Act) 
     or terrorism (as defined in section 140(d)(2) of the Foreign 
     Relations Authorization Act, Fiscal Years 1988 and 1989).
       ``(3) Denial of deduction.--No deduction shall be allowed 
     under section 170, 545(b)(2), 556(b)(2), 642(c), 2055, 
     2106(a)(2), or 2522 for any contribution to an organization 
     during the period such organization is a designated terrorist 
     organization.
       ``(4) Denial of administrative or judicial challenge of 
     suspension or denial of deduction.--Notwithstanding section 
     7428 or any other provision of law, no organization or other 
     person may challenge a suspension under paragraph (1), a 
     designation described in paragraph (2), or a denial of a 
     deduction under paragraph (3) in any administrative or 
     judicial proceeding relating to the Federal tax liability of 
     such organization or other person.
       ``(5) Erroneous designation.--
       ``(A) In general.--If a designation of an organization 
     pursuant to 1 or more of the provisions of law described in 
     paragraph (2) is determined to be erroneous pursuant to such 
     law and the erroneous designation results in an overpayment 
     of income tax for any taxable year with respect to such 
     organization, credit or refund (with interest) with respect 
     to such overpayment shall be made.
       ``(B) Waiver of limitations.--If credit or refund of any 
     overpayment of tax described in subparagraph (A) is prevented 
     at any time before the close of the 1-year period beginning 
     on the date of the determination of such credit or refund by 
     the operation of any law or rule of law (including res 
     judicata), such refund or credit may nevertheless be made or 
     allowed if claim therefor is filed before the close of such 
     period.''.
       (b) Notice of Suspensions.--If the tax exemption of any 
     organization is suspended under section 501(p) of the 
     Internal Revenue Code of 1986 (as added by subsection (a)), 
     the Internal Revenue Service shall update the listings of 
     tax-exempt organizations and shall publish appropriate notice 
     to taxpayers of such suspension and of the fact that 
     contributions to such organization are not deductible during 
     the period of such suspension.
       (c) Effective Date.--The amendments made by this section 
     shall take effect on the date of the enactment of this Act.

  Mr. WOLF (during the reading). Mr. Speaker, I ask unanimous consent 
that the technical corrections be considered as read and printed in the 
Record.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Virginia?
  There was no objection.
  The SPEAKER pro tempore. Is there objection to the original request 
of the gentleman from Virginia?
  There was no objection.

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