To amend the Internal Revenue Code of 1986 to impose a moratorium on the inclusion of certain sponsorship payments in the unrelated business income of tax-exempt organizations.

Amends the Internal Revenue Code to prohibit the activity of soliciting and receiving qualified sponsorship payments (payments received by tax-exempt organizations from corporations and other sponsors in connection with athletic and other public events) from being treated as a separate trade or business for purposes of the tax on unrelated business income of charitable, etc., organizations. Makes such prohibition applicable to sponsorship payments received before January 1, 1996, with respect any public event occurring before January 1, 1995.

Requires the Secretary to report to specified congressional committees on such tax treatment of sponsorship payments.