A manager’s amendment to H.R. 88 (the vehicle for certain technical corrections, extenders, and other provisions) includes two new provisions that would affect tax exempt organizations. First, the bill would repeal new section 512(a)(7), as enacted by the Tax Cuts and Jobs Act. This provision expanded the unrelated business income tax to tax certain fringe benefits (including certain qualified transportation benefits, qualified parking benefits, and on‐premises athletic facilities) provided to employees of tax-exempt organizations. Second, the bill would disregard certain purchases of employee-owned stock for purposes of the private foundation excess business holding rules.