A bill (number not yet introduced) was introduced into the U.S. House of Representatives by Rep. Levin to amend Section 514 of the Internal Revenue Code to allow taxexempt groups to invest directly in onshore hedge funds without being subject to unrelated business income tax. As written, the bill would amend subsection (c) of Section 514 (relating to acquisition indebtedness) and add a new paragraph regarding securities and commodities acquired by partnerships in which an organization is a limited partner.