Which entity is this text about?

The Hereditary peers form part of the peerage in the United Kingdom. As of 1999, there were about 800 peers holding titles that could be inherited. Not all hereditary titles are titles of the peerage. For instance, baronets and baronetesses may pass on their titles, but they are not peers.

Until 1963 peers could not disclaim their peerage in order to sit in the House of Commons, and thus a peerage was sometimes seen as an impediment to a future political career.  In 1999, the House of Lords Act abolished the automatic right of hereditary peers to sit in the House of Lords. Out of about 750 hereditary peers, only 92 may sit in the House of Lords. The Act provides that 90 of those 92 seats are to be elected by other members of the House: 15 by vote of the whole house (including life peers), 42 by the Conservative hereditary peers, two by the Labour hereditary peers, three by the Liberal Democrat hereditary peers, and 28 by the crossbench hereditary peers. Elections were held in October and November 1999 to choose those initial 90 peers, with all hereditary peers eligible to vote. Hereditary peers elected hold their seats until their death, resignation or exclusion for non-attendance (the latter two means introduced by the House of Lords Reform Act 2014), at which point by-elections are held to maintain the number at 92.  The remaining two hold their seats by right of the hereditary offices of Earl Marshal and Lord Great Chamberlain. These offices are hereditary in themselves, and in recent times have been held by the Dukes of Norfolk and the Marquesses of Cholmondeley respectively. These are the only two hereditary peers whose right to sit is automatic.  The Government reserves a number of political and ceremonial positions for hereditary peers. To encourage hereditary peers in the House of Lords to follow the party line, a number of Lords-in-Waiting (government whips) are usually hereditary peers. This practice was not adhered to by the Labour government of 1997-2010 due to the small number of Labour hereditary peers in the House of Lords.
Hereditary peer