[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4324]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 5357. Mr. RUBIO submitted an amendment intended to be proposed to
amendment SA 5194 proposed by Mr. Schumer to the bill H.R. 5376, to
provide for reconciliation pursuant to title II of S. Con. Res. 14;
which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. _____. CVV REQUIREMENT FOR ONLINE CONTRIBUTIONS TO
POLITICAL ORGANIZATIONS.
(a) In General.--Section 527 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new
subsection:
``(m) CVV Requirement for Online Contributions.--An
organization shall not be treated as an organization
described in this section unless, in the case of any Internet
credit card contribution accepted by such organization, the
individual or entity making such contribution is required, at
the time such contribution is made, to disclose the credit
verification value of such credit card.''.
(b) Effective Date.--The amendment made by this section
shall apply to contributions made in taxable years beginning
after the date of the enactment of this Act.
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