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Senate Oversight

Senate Finance Committee Charitable Sector Proposed Reforms and the Sarbanes-Oxley Act

bulletThe Sarbanes-Oxley Act also affects nonprofits. It is important to recognize and appreciate the impact these newly-established standards for accountability will have on nonprofits.
bulletCharity oversight and reform - minutes of the Senate Finance Committee hearing of June 22, 2004.
bulletStaff report - 19 pages of proposed changes that may overhaul the 501(c)3 sector.
bulletIndependent Sector's 11 page review of implications of the Sarbanes-Oxley Act for the nonprofit sector.
bulletBoard Source's implications of the Sarbanes-Oxley Act for nonprofits (same document as above but different website in case Independent Sector's is offline).
bulletPanel on the Nonprofit Sector is a group of notables who are advising the Senate Finance Committee. Recommendations made in April 2005 to Congress are now being debated.
bulletFor those who follow the public policy dimensions of philanthropy, you may find Alliance for Charitable Reform of interest.

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