To amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans.

Cost and committee reports

Official records Congress.gov attaches to H.R. 6370.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. HOLDING, as printed in the Congressional Record (Vol. 162, No. 165, November 17, 2016, Page H6301):
  Article 1, Section 8 of the United States Constitution
  Source: Congress.gov, Congressional Record November 17, 2016 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  54 characters

  Congress.gov bill record

  H.R. 6370, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/6370

  Record last updated by Congress.gov

  January 3, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  63c32308d53543817043ebe7a1246f32956218b070f1fea4781d04256f5ddee0

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of January 3, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 6370, last updated January 3, 2025. PORKER’s copy was retrieved September 22, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.