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US SCRes6

US SCRes6
A concurrent resolution expressing the sense of Congress that tax-exempt fraternal benefit societies have historically provided and continue to provide critical benefits to the people and communities of the United States.


summary

Introduced
01/24/2025
In Committee
01/24/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A concurrent resolution expressing the sense of Congress that tax-exempt fraternal benefit societies have historically provided and continue to provide critical benefits to the people and communities of the United States.

AI Summary

This concurrent resolution recognizes the significant contributions of fraternal benefit societies in the United States, highlighting their long-standing role as mutual aid organizations that provide life, health, and accident benefits to members. The resolution emphasizes that these societies represent a unique model of community support, with approximately 7 million members across local chapters nationwide, and provide an estimated $3.8 billion in annual value through charitable giving, educational programs, and volunteer activities. Congress acknowledges the historical significance of these organizations, noting that they were first granted a tax exemption in 1909 (codified in section 501(c)(8) of the Internal Revenue Code), and affirms that these societies have continuously adapted to meet changing community needs. The resolution specifically commends fraternal benefit societies for their ability to address community challenges more efficiently than government programs, create social capital, and help individuals achieve financial security. Ultimately, the resolution expresses congressional support for the continued recognition and promotion of fraternal benefit societies as a valuable private sector economic and social support system.

Committee Categories

Budget and Finance

Sponsors (24)

Last Action

Referred to the Committee on Finance. (text: CR S374) (on 01/24/2025)

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