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JCF Legislative Update

On June 22, the U.S. Senate Finance Committee met to inquire into potential reforms of the nonprofit sector. The Committee hearing focused on three issues:

  • abuses in the charitable industry
  • governance challenges
  • ways to improve regulatory oversight.

A 19-page discussion draft written by the Senate Finance Committee staff served as the basis for the hearing. Click here to read the entire document.

The national UJC Washington advises us that these proposals constitute very preliminary proposals by Finance Committee staff; no legislative action is expected this year.