Warning: session_start(): open(/var/lib/php/session/sess_kfk8v3bs3ck4e25jkko7agfb94, O_RDWR) failed: Permission denied (13) in /var/www/html/realclearpolitics.com/httpdocs/congressional_bill_tracker/app/application/mvc.php on line 3 Warning: file_get_contents(http://congress.api.sunlightfoundation.com/bills?apikey=f323a285321542e3925601990ef5c589&congress=114&bill_type=hr&number=5007&fields=versions,latest_version): failed to open stream: HTTP request failed! HTTP/1.1 504 Gateway Time-out in /var/www/html/realclearpolitics.com/httpdocs/congressional_bill_tracker/app/application/model.php on line 738 RCP Congressional Bill Tracker - H.R. 5007

CONGRESSIONAL BILL TRACKER

Track Members of Congress & Get Email Updates on Their Activity

H.R. 5007: Philanthropic Enterprise Act of 2016

Title: Philanthropic Enterprise Act of 2016

Introduced: Apr 20, 2016 (114th Congress)

Sponsor: Rep. David G. Reichert [R-WA8]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

Summary: Philanthropic Enterprise Act of 2016 This bill amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose (all profits to charity distribution requirement), and independent operation (not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings.

Votes

Warning: Unknown: open(/var/lib/php/session/sess_kfk8v3bs3ck4e25jkko7agfb94, O_RDWR) failed: Permission denied (13) in Unknown on line 0 Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/var/lib/php/session) in Unknown on line 0