In the halls of government, last week was a very interesting time for the nonprofit sector.
The U.S. House of Representatives Ways and Means Subcommittee on Oversight began a series of hearings about the nonprofit sector with an eye toward regulatory reform. There’s an excellent summary in the Venable Nonprofit Alert.
In New York, Governor Cuomo has proposed new regulations capping nonprofit executive compensation, limiting the use of state funds for administrative expenses, and imposing new reporting requirements. If adopted in New York, these regulations could serve as a model for consideration by other states. The New York Nonprofit Press has prepared a terrific summary of the Governor’s proposals, visit.
I’m very tempted to editorialize, but I’m restraining myself, at least for the moment. That doesn’t mean you have to. I invite you to freely share your views of these two news items.
That’s what Michael Rosen says… What do you say?
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