Introduced
by
To establish financial management regulations for charitable organizations, including good faith and prudent person standard for managers, establish specific factors to consider in determining whether to appropriate or accumulate funds, establish conditions that allow delegating management, establish a mechanism for modifying or reversing a donor’s intent or restrictions, and more.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Amendment offered
by
To remove a reference to limited liability companies in the definition of a legal "person".
The amendment passed by voice vote
Passed in the Senate 35 to 0 (details)
Referred to the Committee on Banking and Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
