Skip to main content
S 427 103th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to permit private foundations to use common investment funds.

Introduced: July 13, 1993 See on congress.gov
Taxation Capital gains taxCharitiesCooperative societiesExcise tax
More subjectsShow fewer subjects
FoundationsIncome taxInvestmentsTax-exempt organizations
Sign in to write a letter Sign in to watch
This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 1993
Read twice and referred to the Committee on Finance.
Feb 24, 1993
Sponsor introductory remarks on measure. (CR S2022)
Feb 24, 1993
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 24, 1993

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit tax-exempt private foundations and community foundations to establish tax-exempt cooperative service organizations to operate exclusively for charitable purposes. Declares that the excise tax based on investment income applies to such organizations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Jul 13, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). S. 427: A bill to amend the Internal Revenue Code of 1986 to permit private foundations to use common investment funds.. 103rd Congress. Open America. https://openamerica.io/bill/103-S-427/
MLA
"S. 427: A bill to amend the Internal Revenue Code of 1986 to permit private foundations to use common investment funds.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-427/.
Bluebook (legal)
S. 427, 103rd Cong. (2026), https://openamerica.io/bill/103-S-427/.
Markdown link
[S. 427: A bill to amend the Internal Revenue Code of 1986 to permit private foundations to use common investment funds.](https://openamerica.io/bill/103-S-427/)
Report a problem