Safeguarding Charity Act

S 3604, the Safeguarding Charity Act, clarifies that tax exemptions under IRS Section 501(c) or 401(a) do not count as "Federal financial assistance" for regulatory purposes. The bill amends U.S. Code to explicitly exclude tax-exempt status from definitions of federal assistance in all federal laws, rules, or regulations. This directly affects tax-exempt charities and nonprofits that rely on IRS 501(c) status, ensuring their tax exemptions are not treated as government funding when applying federal programs or requirements.