House Republicans Reevaluate Terror-Financing Bill

Nonprofits in Minnesota are raising concerns about H.R. 9495, the Stop Terror-Financing and Tax Penalties on American Hostages Act, which would empower the Treasury Secretary to revoke tax-exempt status from organizations deemed to support terrorism. Critics, including Rep. Angie Craig, argue this legislation poses a risk of abuse, particularly with Donald Trump potentially returning to the White House, as it could be used politically against opponents. The bill, which passed a procedural hurdle in the House, has drawn alarm from various advocacy groups fearing it could harm libraries, charities, and universities. Despite initial bipartisan support, the potential for misuse under a Trump administration is causing lawmakers to reconsider their positions. Advocates are urging the public to express their opposition to Congress, as the bill may resurface in future sessions. With the current political landscape, the implications of this legislation could significantly impact civil society and nonprofit organizations.