U.S. lawmakers introduced the Charity Parity Act to allow direct charitable distributions from retirement plans to enhance giving flexibility.
Quiver AI Summary
Bipartisan legislation introduced: U.S. Representatives Mike Kelly (R-PA) and Don Beyer (D-VA), along with Senators Kevin Cramer (R-ND) and Chris Coons (D-DE), have introduced the Charity Parity Act. This legislation aims to allow taxpayers to make direct qualified charitable distributions (QCDs) from employer-sponsored retirement plans, such as 401(k)s and 403(b)s.
Rationale behind the act: Currently, charitable contributions can only be made through IRAs, creating extra steps for donors. The act intends to remove these barriers, simplifying the process and encouraging more philanthropy. Proponents believe it will help both individuals wishing to contribute and the nonprofits that rely on their support.
Support from organizations: The proposal is backed by a wide range of charities and nonprofit organizations, emphasizing the importance of easing access to charitable giving for retirement savers. Advocates argue it could lead to increased donations, benefitting various community services and charitable causes across the country.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Mike Kelly Net Worth
Quiver Quantitative estimates that Mike Kelly is worth $16.5M, as of May 14th, 2026. This is the 78th highest net worth in Congress, per our live estimates.
Kelly has approximately $6.3M invested in publicly traded assets which Quiver is able to track live.
You can track Mike Kelly's net worth on Quiver Quantitative's politician page for Kelly.
Mike Kelly Bill Proposals
Here are some bills which have recently been proposed by Mike Kelly:
- H.R.8376: To amend title XVIII of the Social Security Act to clarify the policy for coverage under the Medicare program for palliative dialysis services, and clarify separate payment for such palliative dialysis services, furnished by renal dialysis facilities and providers of services to certain individuals electing hospice care, and for other purposes.
- H.R.7959: IRS Whistleblower Program Improvement Act
- H.R.6446: To modify the procedures for investigating claims of evasion of antidumping and countervailing duty orders.
- H.R.5275: Diagnostic Accuracy in Sepsis Act of 2025
- H.R.4566: Washington’s Trail—1753 National Historic Trail Feasibility Study Act of 2025
- H.R.4547: To advance Thomas B. Hagen on the retired list of the Navy.
You can track bills proposed by Mike Kelly on Quiver Quantitative's politician page for Kelly.
