# 114-hr-3732: Philanthropic Enterprise Act of 2015

114-hr-3732, Philanthropic Enterprise Act of 2015, is a 114th Congress bill sponsored by Rep. Reichert, David G. [R-WA-8] (R-WA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3732
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3732
- Congress: 114
- Title: Philanthropic Enterprise Act of 2015
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-10-09
- Sponsor: Rep. Reichert, David G. [R-WA-8] (R-WA)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Philanthropic Enterprise Act of 2015 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 and unrelated business income.

## Cosponsors (4)

- Rep. Larson, John B. [D-CT-1] (D-CT), 2015-10-09T00:00:00.000Z
- PATRICK TIBERI (R-OH), 2015-10-09T00:00:00.000Z
- Rep. Neal, Richard E. [D-MA-1] (D-MA), 2015-10-09T00:00:00.000Z
- Rep. Paulsen, Erik [R-MN-3] (R-MN), 2015-10-09T00:00:00.000Z

## Related bills

- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5082: Investing in Opportunity Act
- 114-hr-5007: Philanthropic Enterprise Act of 2016
- 114-hr-4938: Free File Act of 2016
- 114-hr-4514: Combating BDS Act of 2016
- 114-hr-4294: SAVERS Act of 2015

## Sources
- [114-hr-3732 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3732)

## Related
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5082: Investing in Opportunity Act](https://policyrisk.com/legislation/114-hr-5082)
- [114-hr-5007: Philanthropic Enterprise Act of 2016](https://policyrisk.com/legislation/114-hr-5007)
- [114-hr-4938: Free File Act of 2016](https://policyrisk.com/legislation/114-hr-4938)
- [114-hr-4514: Combating BDS Act of 2016](https://policyrisk.com/legislation/114-hr-4514)
- [114-hr-4294: SAVERS Act of 2015](https://policyrisk.com/legislation/114-hr-4294)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3732 (as of 2025-11-18).