Friday, July 15, 2005

Religious News Service and Christian News-"Commentary: New Charity Regs Looming

Religious News Service and Christian News: "Commentary: New Charity Regs Looming
A U.S. Senate advisory group is advocating some 120 measures to increase accountability and financial transparency.
By KAREN WOODS


(Acton) With rising concerns about financial abuses at charities, lawmakers are looking at significantly stepping up regulation of tax-exempt organizations, including faith-based groups.

Last month, a much-anticipated report from the Panel on the Nonprofit Sector, a U.S. Senate advisory group, advocated some 120 measures to increase accountability and financial transparency.

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