Two U.S. House representatives on Thursday introduced their version of a bill that they said would free up more than $140 billion in charitable gifts by limiting how long philanthropists can keep their money in donor-advised funds, or DAFS, which currently have no payout deadlines.
House representatives Chellie Pingree, a Democrat from Maine, and Tom Reed, a Republican from New York, on Thursday introduced the House version of the Accelerating Charitable Efforts Act.
Read more: https://www.devex.com/news/bill-to-overhaul-donor-advised-funds-introduced-in-us-house-102600