Public Policy Update - June 2022
Each month, Philanthropy Southeast provides members with monthly updates on the latest public policy developments in Washington and state capitols around the region, analyzing their possible impact on the charitable sector. If you would like to see an issue featured in a future Public Policy Update, contact Jaci Bertrand, Philanthropy Southeast's vice president of member engagement, at firstname.lastname@example.org.
Powerful House Committee Adds Another Southeast Member
The House Ways & Means Committee – one of the most powerful committees in Congress, and the one responsible for writing tax policies that impact the nonprofit sector – has added a new member from the Southeast region.
Rep. David Kustoff, a Tennessee Republican, was named to the panel on June 9. He represents a district that begins outside Memphis and encompasses the western end of the state.
"It is an honor to be selected to serve on the oldest committee in the House of Representatives, the House Committee on Ways and Means. As the only Republican from the Mid-South on this committee, West Tennessee and the Mid-South region will have a seat at the table on issues such as taxes, trade, and healthcare” Kustoff said in a statement.
In addition to serving on the full committee, Kustoff was also appointed to serve on the Subcommittees on Social Security, Worker and Family Support, and Oversight.
He joins several other members from the region on the committee, including Vern Buchanan (R-FL), Tom Rice (R-SC), Terri Sewell (D-AL), Drew Ferguson (R-GA), Donald Beyer (D-VA), Gregory Murphy (R-NC), Stephanie Murphy (D-FL) and Stacey Plaskett (D-VI).
Republican Attorneys General Ask Congress to Reject ACE Act
Last month, more than a dozen Republican state attorneys general sent an open letter to congressional leaders announcing their opposition to the ACE Act, which would make significant changes to regulations governing the use of donor-advised funds (DAFs).
“Although the legislation’s goal of supporting charities and ensuring that they receive funding is laudable, the restrictions the ACE Act would place on donor-advised funds (DAFs) and private foundations would likely have the opposite effect and discourage charitable giving,” the attorneys general wrote in a letter dated May 18.
The letter states the ACE Act would “cause donors who might otherwise anonymously contribute to a preferred charity through a DAF to not donate at all,” and “chill donations and frustrate the ability of charities to receive funding.”
The letter’s signatories include attorneys general from Mississippi, Arkansas, Georgia, Kentucky and South Carolina.