Comments on U.S. Senate Committee on Finance Staff Discussion Draft of June 21, 2004

Testimony

Comments on U.S. Senate Committee on Finance Staff Discussion Draft of June 21, 2004

August 1, 2004

Abstract

In June 2004, the Senate Finance Committee Staff circulated draft proposals to improve regulation of charities and requested comments from a number of experts in nonprofit law. In her response, Marion R. Fremont-Smith, Hauser Center for Nonprofit Organizations at Harvard, supported proposals to extend existing limitations and increase disclosure requirement. She urged caution before adopting proposals to expand the role of the IRS from its traditional one of protecting the integrity of the tax system to that of policing the internal practices of exempt organizations, and she strongly favored increasing information sharing between federal and state regulators, while opposing a suggestion to give enforcement powers to private individuals.

Research Area: 
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.

LATEST IN Nonprofits and Philanthropy

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.