Affirming that private equity plays an important role in growing and strengthening United States businesses throughout all sectors of the economy and in every State and congressional district and that it has fostered significant investment in the United States economy.

Affirms that private equity: (1) plays an important role in growing and strengthening U.S. businesses throughout all sectors of the economy and in every state and congressional district, and (2) has fostered significant investment in the U.S. economy.

Expresses the sense of the House of Representatives that Congress should maintain normative tax policy that carried interest income resulting from the sale of a capital asset is capital gains income.