Legislation Proposed to Revoke International Olympic Committee’s Tax Exempt Status

Reps. Michael Waltz (R-Fla.) and Jennifer Wexton (D-Va.) introduced a measure today intended to revoke the International Olympic Committee’s exempt status in the United States.

From Politico: “Waltz and Wexton’s legislation, dubbed the Irresponsible Olympic Collaboration Act, specifically targets the IOC’s status as a 501c(4) tax-exempt organization by revoking that privilege for any international “multi-sport” organization that has revenues of more than $100 million.” Wexton argues that social welfare organizations ought not host sporting events in China with ongoing genocide.

Have not found the text of the proposed legislation yet. However, you can see a resolution introduced on the issue back in December here. Be interested to see it, as the Politico story seems to suggest the bill was written neutrally yet would appear to apply to only one organization.

Update: Here is the link to the proposed bill. H/t to Sam Brunson

Philip Hackney