S. 1205, titled the “Free Speech Fairness Act,” seeks to modify the Internal Revenue Code of 1986 to permit charitable organizations to make statements about political campaigns without jeopardizing their tax-exempt status. Specifically, the bill allows these organizations,...
Simple Explanation
The bill wants to change a rule so that charities can talk about political campaigns without losing their special tax status, but it should be done in a way that doesn't cause big extra costs or make them focus too much on politics.