OMB Watch - Charitable Reform and Giving Legislation For the Long Haul

OMB Watch - Charitable Reform and Giving Legislation For the Long Haul: "Charitable Reform and Giving Legislation For the Long Haul

Charitable reform and giving legislation is moving piecemeal in both the House and Senate, focusing on specific abuses of the sector and charitable giving incentives in the wake of Hurricanes Katrina and Rita.

In an Oct. 24 speech delivered to Independent Sector's 25th Anniversary Conference, Senate Finance Committee Chairman Charles Grassley (R-IA) explained the importance of 'reform and oversight' of the sector to 'safeguard the donors and taxpayers.' He went on to say he would have liked a complete reform package to have been ready this fall, but '(Hurricane) Katrina has affected this and many other plans.' Nonetheless, Grassley made clear that he will not give up his quest to bring greater accountability to the nonprofit sector, emphasizing that he is taking the 'long view' on the issue."