Todd Young: “Thank you, Mr. Chairman. Thank you for your leadership on this issue. Mr. Speaker, I rise today because this is an…”

“Thank you, Mr. Chairman. Thank you for your leadership on this issue. Mr. Speaker, I rise today because this is an essential issue that affects groups in my home State of Indiana, as well as groups throughout the country. As a member of the Committee on Ways and Means, I have been present during hearings where we have learned that the IRS targeted conservative and Tea Party groups. During those same hearings, I have shared letters and documents that showed some of the targeted conservative groups were my fellow Hoosiers. Regretfully, it appears that the IRS, rather than holding those responsible for this targeted sort of activity, is seeking to make political targeting part of their standard operating procedure. The recently proposed IRS regulation that pertains to these 501(c)(4) groups is designed to do so in a way that clearly inhibits their First Amendment activities. 501(c)(4) is the section of our Tax Code that many of the conservative groups tried to file under. They can't file as a 501(c)(3) because that would limit their ability to engage in grassroots lobbying. They can't file as a 501(c)(5) because they aren't a labor union. They can't file as a 501(c)(6) because they aren't a chamber of commerce. They can't file as a 527 because that would limit them only to political activity. None of these other organizations are affected by the new regulations--only 501(c)(4)'s.…”