H.R. 5645 — A bill to amend the Internal Revenue Code of 1986 to exempt private foundations from the tax on excess business holdings in the case of certain philanthropic enterprises which are independently supervised, and for other purposes; to the Committee on Ways and Means.

By Mr. REICHERT (for himself, Mr. Larson of Connecticut, Mr. Neal, Mr. Paulsen, Mr. Tiberi, and Mr. Schock), H7886 [18SE]