A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations; to the Committee on Ways and Means.

H.R. 4691 — A bill to amend the Internal Revenue Code of 1986 to modify the tax rate for excise tax on investment income of private foundations; to the Committee on Ways and Means.

By Mr. PAULSEN (for himself and Mr. Danny K. Davis of Illinois), H4684 [20MY]

Cosponsors added, H4911 [28MY]

Reported with amendment (H. Rept. 113–497), H5816 [26JN]