SENSE OF CONGRESS ON GRANTING OF STATUTORY FEDERAL CHARTERS.

SEC. 1085. SENSE OF CONGRESS ON GRANTING OF STATUTORY FEDERAL CHARTERS. (a) Findings.—Congress finds that the practice of providing by statute Federal charters to certain nonprofit organizations— (1) may be perceived as implying a Government imprimatur of approval of those organizations; and (2) may mistakenly lead to public perception that the United States ensures the integrity and worthiness of those organizations. (b) Sense of Congress.—It is the sense of Congress— (1) that because of the perceived implicit Government imprimatur of approval conveyed by enactment of a Federal charter for an organization, such a charter should be granted only in the rarest and most extraordinary cases; and (2) that no statutory Federal charter should be enacted after the enactment of this Act unless the charter is approved by Congress upon favorable report by the committees of jurisdiction of the respective Houses.