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Makes targeted, technical amendments to the federal charter rules that govern a congressionally chartered nonprofit corporation. It modernizes internal governance language so the corporation’s bylaws set membership eligibility and officer rules, clarifies the board of directors as the governing body, updates corporate restrictions (no stock, no political activity, limits on private benefit), sets the principal office to a U.S. location chosen by the board, requires compliance with state service-of-process rules, and clarifies how remaining assets are distributed on dissolution. The bill contains no new spending or duties and relies on existing bylaws and state law for many details.
Introduced February 18, 2025 by John Neely Kennedy · Last progress 2 months ago
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4928)
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
President of the United States