H.R. 2832: Philanthropic Facilitation Act

Introduced:
Jul 25, 2013
Status:
Referred to Committee
Prognosis
0% chance of being enacted
Track this bill
Sponsor
Cory Gardner
Representative for Colorado's 4th congressional district
Party
Republican
Text
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Last Updated
Jul 25, 2013
Length
11 pages
 
Status

This bill was assigned to a congressional committee on July 25, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jul 25, 2013
Referred to Committee Jul 25, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

2% chance of getting past committee.
0% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

 
Full Title

To amend the Internal Revenue Code of 1986 to facilitate program-related investments by private foundations.

Summary

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/25/2013--Introduced.
Philanthropic Facilitation Act - Amends the Internal Revenue Code to:
(1) expand the definition of, and requirements relating to, "program-related investments" made by private foundations to for-profit entities to further certain charitable purposes;
(2) allow a judicial determination (i.e., declaratory judgment) as to whether investments in any entity qualify as program-related investments;
(3) require expanded reporting by for-profit entities that receive program-related investments of their gross income, expenses, disbursements, and other information; and
(4) allow public inspection of any petition seeking a determination that an investment by a private foundation is a program-related investment and of any information reported by organizations receiving program-related investments.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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