No Tax Exemptions For Terror Act

HR5890 was introduced on October 31, 2025, by Rep. Chip Roy (R-TX) and referred to the House Ways & Means Committee. The bill is in its earliest legislative stage — it has no hearings, no markups, and no Senate companion bill that has progressed. The bill targets the Council on American-Islamic Relations (CAIR) and any organization found to have ties to terrorism, revoking their 501(c)(3) tax-exempt status. This is a tax penalty mechanism, not a spending authorization or procurement mandate. There is zero appropriated or authorized funding in this bill — the only fiscal effect is potential revenue gain from taxing previously exempt organizations' income, which is immaterial at the federal budget scale. The market data for Visa, Mastercard, and PayPal shows no volatility correlated with this bill. Over the last 7 days: is up 6.68%, is up 1.11%, is down 1.07%. Over 30 days: +9.21%, +2.02%, +10.41%. These movements are consistent with broader market and sector trends, not legislative risk. The bill's path to enactment is long: it must pass Ways & Means, the full House, the Senate, and be signed into law. With only 19 cosponsors and no Democratic support, passage in the current Congress is speculative at best. Even if enacted, the direct affected entity (CAIR) does not represent a material portion of payment processing volume for any of the identified tickers. No structural winners or losers emerge from this legislation.