To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations.

What the bill does: This bill amends Section 501(p) of the Internal Revenue Code to let the Treasury Secretary designate "terrorist supporting organizations" as losing their tax-exempt status. These are nonprofits that gave more than a small amount of material support or resources to already-designated terrorist organizations in the past 3 years. Material support follows...