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  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedAugust 1st, 2013

Bill Details

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Title

Strict Standards and Accountability Act

Official Title

To amend the Internal Revenue Code of 1986 to require that the Secretary of the Treasury follow certain procedures relating to status applications of 501(c)(4) organizations.

Summary

Strict Standards and Accountability Act - Amends the Internal Revenue Code to require the Secretary of the Treasury to: (1) acknowledge in writing the receipt of an application submitted by a non-profit social welfare organization for recognition of its tax-exempt status within 28 days; (2) inform such organization of the status of its application if the Secretary has not approved or denied such application within six months after acknowledgment of receipt, enumerate the reasons for such delay, provide an estimate of when a final decision may be made, and consider such application under fast track procedures; (3) inform such organization in writing as to the status of its application if it is not approved or denied within 365 days after acknowledgment of receipt and enumerate reasons specific to the application for its delay; and (4) report to the House Ways and Means Committee and the Senate Finance Committee on extenuating circumstances that prevent a timely determination of pending applications and on the number of applications pending for over 365 days.

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