H.R. 9353 proposes to amend the Internal Revenue Code to exempt qualified religious institutions from paying an excise tax on their investment income. This means that religious organizations that meet certain criteria would no longer be taxed on the money they earn from investments.
Supporters of H.R. 9353 argue that this bill provides necessary financial relief to religious institutions, allowing them to allocate more resources towards their community services and outreach programs. Advocates highlight that the exemption recognizes the unique role that these institutions play in society.
Critics of H.R. 9353 express concern that the bill could lead to a significant loss of tax revenue, which could impact public services. Some argue that it may also create an uneven playing field by favoring religious organizations over secular charities and nonprofits, potentially undermining the principle of separation of church and state.
The bill H.R. 9353 aims to exempt qualified religious institutions from the excise tax on investment income. Analysis of the sponsor, Mike Kelly's, top donor industries reveals no direct overlaps with the subject matter of the bill. The lobbying activity in this policy area shows contributions from various companies, but these contributions do not appear to directly influence or relate to the interests of religious institutions or tax exemptions. The largest contributions come from industries such as telecommunications and energy, which do not have a clear connection to the bill's intent. Therefore, the risk of conflict of interest is assessed as low, as there are no evident financial incentives for the sponsor that would compromise the integrity of the legislation.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| VERISIGN, INC. | HOLLAND & KNIGHT LLP | $90,000 |
| VIASAT, INC. | HOLLAND & KNIGHT LLP | $80,000 |
| REGULUS GLOBAL, LLC | RIDGE PATH STRATEGIES | $70,000 |
| NEXT GLOBAL CAPITAL, INC. OBO WHITEFOX DEFENSE TECHNOLOGIES, INC. | SKYLINE CAPITOL LLC | $60,000 |
| HABERMATOLEL POMO OF UPPER LAKE TRIBE | CORNERSTONE GOVERNMENT AFFAIRS, INC. | $50,000 |
| AI POLICY NETWORK INC. | SKYLINE CAPITOL LLC | $45,000 |
| STREET SMARTS VR | SKYLINE CAPITOL LLC | $30,000 |
| NATILUS | SKYLINE CAPITOL LLC | $30,000 |
| MORAN GLOBAL STRATEGIES, INC. OBO PRIETO BATTERY, INC. | SKYLINE CAPITOL LLC | $30,000 |
| SACHEM, INC. | RIDGE PATH STRATEGIES | $30,000 |
| PLUG POWER | RIDGE PATH STRATEGIES | $20,000 |
| VLS ENVIRONMENTAL SOLUTIONS | BISER STRATEGIES, LLC | $20,000 |
| KYLE HOUSE GROUP, LLC | SKYLINE CAPITOL LLC | $10,000 |
| SWIFT CURRENT MANAGEMENT SERVICES, INC. | TRIAD STRATEGIES, LLC. | undisclosed |
| PRECISION CUSTOM COMPONENTS, LLC | TRIAD STRATEGIES, LLC. | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Mike Kelly, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
