A bill to amend the Internal Revenue Code of 1986 to treat transfers of appreciated property to certain tax-exempt organizations the same as transfers of appreciated property to political organizations.
Latest action (30 Sep 2026): Introduced
What this bill does
This bill, S. 5669, introduced by Senator Sheldon Whitehouse, aims to change how certain transfers of appreciated property to tax-exempt organizations are treated for tax purposes. Specifically, it proposes to align the tax rules for these transfers with those already in place for transfers of appreciated property to political organizations. The official text of the bill, which would detail the exact provisions, has not yet been published.
As introduced, the bill does not specify the types of tax-exempt organizations that would be affected or the exact mechanisms of the proposed change. Therefore, it is unclear at this stage who would be impacted by this legislation or the precise nature of the tax implications for donors or recipient organizations. The bill's sponsor is Senator Sheldon Whitehouse, a Democrat from Rhode Island.
S. 5669 has been introduced in the 119th Congress and its latest action was its introduction on September 30, 2026. At this point, the bill is at the very beginning of the legislative process. For it to become law, it would need to be considered by committees, potentially pass both the Senate and the House of Representatives, and be signed by the President.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 30, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5669 do?
- This bill, S. 5669, introduced by Senator Sheldon Whitehouse, aims to change how certain transfers of appreciated property to tax-exempt organizations are treated for tax purposes. Specifically, it proposes to align the tax rules for these transfers with those already in place for transfers of appreciated property to political organizations. The official text of the bill, which would detail the exact provisions, has not yet been published. As introduced, the bill does not specify the types of tax-exempt organizations that would be affected or the exact mechanisms of the proposed change. Therefore, it is unclear at this stage who would be impacted by this legislation or the precise nature of the tax implications for donors or recipient organizations. The bill's sponsor is Senator Sheldon Whitehouse, a Democrat from Rhode Island. S. 5669 has been introduced in the 119th Congress and its latest action was its introduction on September 30, 2026. At this point, the bill is at the very beginning of the legislative process. For it to become law, it would need to be considered by committees, potentially pass both the Senate and the House of Representatives, and be signed by the President.
- Has S. 5669 become law?
- Not yet. As of 30 Sep 2026, S. 5669 is introduced.
- Who sponsored S. 5669?
- S. 5669 was sponsored by Sen. Sheldon Whitehouse [D-RI] (Democrat-RI), with 0 cosponsors.
- What's the latest action on S. 5669?
- Introduced (30 Sep 2026).
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