Tim Scott

Charleston

Contributor at Freelance

Just a South Carolinian living his mama’s American Dream. Chairman of @BankingGOP

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Articles

Sens. Scott, Alsobrooks Introduce Bipartisan Legislation to Allow Federal Tax Credit for Beauty Industry Small Businesses — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — U.S. Tim Scott (R-S.C.) and Angela Alsobrooks (D-Md.) introduced the Small Business Tax Fairness and Compliance Simplification Act. This legislation allows beauty industry small businesses, such as hair stylists, barbers, and nail technicians, to qualify for the Section 45(B) federal tax credit and provides a safe harbor for these businesses to establish procedures for tipped employees to better report their wages without attracting additional tax liability.
Senators Scott, McCormick, Fetterman and Colleagues Introduce Bipartisan Resolution to Condemn Antisemitic Violence — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — This week, U.S. Senator Tim Scott, (R-S.C.) cosponsored a bipartisan resolution introduced by Senators Dave McCormick (R-Pa.) and John Fetterman (D-Pa.) condemning the horrific rise in violent antisemitic attacks across the country.
Senator Scott Introduces Value Over Cost Act — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — Today, U.S. Senator Tim Scott (R-S.C.) introduced a bill to prioritize the best value available instead of the just lowest cost alternative when choosing products or services for the federal government. The Value Over Cost Act would allow the Administrator of General Services to consider factors of quality and performance instead of only the lowest price.
Senators Scott, Graham Resolution Commemorating Mother Emanuel AME Church Attack Victims Unanimously Passes The Senate — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — Today, a resolution introduced by U.S. Senators Tim Scott (R-S.C.) and Lindsey Graham (R-S.C.) commemorating the nine people brutally murdered in an attack at Mother Emanuel AME Church in Charleston, South Carolina ten years ago unanimously passed the U.S. Senate.
Sen. Scott, Colleagues Lead Effort to Strengthen Review of Foreign Land Purchases Near Sensitive U.S. Military Sites — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — U.S. Senator Tim Scott (R-S.C.), Chairman of the Senate Banking Committee, is leading an effort to strengthen national security by ensuring the Committee on Foreign Investment in the United States (CFIUS) can effectively review foreign land purchases near sensitive military, intelligence, and national laboratory sites. The Protect Our Bases Act, which Senator Scott introduced along with Sens.
Sen. Scott Champions Historic Senate Passage of GENIUS Act — U.S. Senator Tim Scott of South Carolina

1 week ago | scott.senate.gov | Tim Scott

WASHINGTON — Today, the United States Senate passed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – legislation Senator Tim Scott (R-S.C.) co-sponsored and championed as it advanced through the Senate.
Scott, Cassidy, Colleagues Introduce Pension Healthcare Legislation — U.S. Senator Tim Scott of South Carolina

2 weeks ago | scott.senate.gov | Tim Scott

WASHINGTON — U.S. Senators Tim Scott (R-S.C.), Bill Cassidy (R-La.), Roger Marshall (R-Kan.) and Thom Tillis, (R-N.C.) introduced the Strengthening Benefit Plans Act of 2025. This legislation would allow for overfunded 401(H) retiree pension accounts to be transferred to help pay for active healthcare programs. “Allowing for surplus dollars to be shifted to active healthcare plans is a common sense approach that benefits both businesses and employees,” said Senator Scott.
As Senate Moves to Advance Landmark Stablecoin Legislation, Scott Hails U.S. Leadership in Digital Assets — U.S. Senator Tim Scott of South Carolina

2 weeks ago | scott.senate.gov | Tim Scott

“Let’s finish the job and get this bill to President Trump’s desk for his signature.” WASHINGTON — Today, the U.S. Senate took an important step towards passing the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – legislation led by Senator Bill Hagerty (R-Tenn.) and co-sponsored by Senator Tim Scott (R-S.C.), Senator Kirsten Gillibrand (D-N.Y.), Senator Cynthia Lummis (R-Wyo.), and Senator Angela Alsobrooks (D-Md.) – to establish a clear regulatory...
Senator Scott Introduces Legislation To Expand Educator Definition For Tax Deductions — U.S. Senator Tim Scott of South Carolina

2 weeks ago | scott.senate.gov | Tim Scott

WASHINGTON — U.S. Senators Tim Scott (R-S.C.) and Maggie Hassan (D-N.H.) reintroduced the Creating Opportunity for Athletic Coaches to Help Educate Students (COACHES) Act to amend the tax code to allow for K-12 coaches to be classified as “eligible educators” in order to be eligible for tax deductions for certain out-of-pocket instructional expenses.
Senator Tim Scott Introduces Legislation to Enhance Employer-Provided Healthcare Options — U.S. Senator Tim Scott of South Carolina

3 weeks ago | scott.senate.gov | Tim Scott

WASHINGTON — Yesterday, U.S. Senator Tim Scott (R-S.C.) introduced the Employee Access to Worksite Health Services Act to improve healthcare accessibility and affordability for American workers. The bill would address an existing provision in the Internal Revenue Code Section 223 that unintentionally disincentivizes employer-sponsored health clinics.

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