A bill to amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3554 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3554 To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 17, 2025 Mr. Cornyn (for himself and Mr. Sheehy) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. TERMINATION OF TAX-EXEMPT STATUS OF TERRORIST SUPPORTING ORGANIZATIONS. (a) In General.--Section 501(p) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(8) Application to terrorist supporting organizations.-- ``(A) In general.--For purposes of this subsection, in the case of any terrorist…