Senate Finance Committee Subcommittee to Hold Hearing on Tax-Exempt Nonprofits and Policy
Michael E. Hartmann
Congressional interest in the sector’s activities appears to be increasing.
The U.S. Senate Finance Committee’s IRS Subcommittee on Taxation and Oversight announced that it has scheduled a hearing for Wednesday, May 4 at 2 p.m. EST to consider “Laws and enforcement governing the political activities of tax-exempt entities.”
The subcommittee is chaired by Senator Sheldon Whitehouse, Democrat of Rhode Island, and its most senior member is Senator John Thune, Republican of South Dakota.
The witnesses scheduled for the hearing are: Ann Ravel, professor of law at the University of California at Berkeley and former chairwoman of the Federal Election Commission (FEC); Philip Hackney, a law professor at the University of Pittsburgh and a former attorney for the Internal Revenue Service, said call for eliminate tax-exempt status for private foundations; Brad Smith, professor of law at Capital University and former president of the FEC, founder of the Institute for Free Speech and recipient of the Bradley Prize; and Capital Research Center President Scott Walter.
Congressional interest in nonprofit activities appears to be growing. Last month, the entire Senate Finance Committee held a hearing, “Review of charitable giving and trends in the nonprofit sectormost of which focused on expanding the individual deduction for charitable donations.