A bill to amend the Internal Revenue Code of 1986 to provide that the issuance of charitable gift annuities shall not be taken into account in determining whether certain organizations are treated as providing commercial-type insurance.

Amends the Internal Revenue Code to state that charitable gift annuities (those owned by an individual who made a tax-deductible charitable contribution to the annuities' issuer) are not commercial-type insurance for purposes of determining the tax-exempt status of an organization.