To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.
Summary
HR 9353, introduced by Rep. Mike Kelly (R-PA-16) on June 18, 2026, would amend the Internal Revenue Code to exempt qualified religious institutions from the excise tax on investment income. It has been referred to the House Committee on Ways and Means with one cosponsor, indicating early-stage, low-priority legislation with no direct market impact.
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Key Takeaways
- 1.No direct market impact on publicly traded companies
- 2.Early-stage, low-priority tax exemption bill
- 3.No funding or spending authorized
Market Implications
No market implications. The bill does not affect any publicly traded sector or company. Investors should ignore this as a procedural, non-market-moving legislative action.
Full Analysis
- What happened and its current status: On June 18, 2026, Rep. Mike Kelly introduced HR 9353 in the 119th Congress. The bill was referred to the House Committee on Ways and Means and has had three actions—all on the same day (introduction and referral). It is in the earliest legislative stage with no committee markup or hearings scheduled. 2) The money trail: This bill does not authorize or appropriate any federal spending. It provides a tax exemption for qualified religious institutions from the excise tax on investment income, which is a narrow revenue-side change. The Joint Committee on Taxation would estimate the revenue loss, but no explicit funding amount is specified. 3) Structural winners and losers: The primary beneficiaries are religious institutions that hold investment portfolios subject to the excise tax. No publicly traded companies are directly affected, as the exemption applies to non-profit religious entities, not for-profit corporations. 4) Timeline: The bill must pass the House Ways and Means Committee, then the full House, then the Senate, and be signed by the President. With only one sponsor and early-stage referral, passage is uncertain and likely low priority.
Key Legislators
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
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