Oversight of Terrorist Financing Ignores Problems for Nonprofits - April 15, 2008 Vol. 9, No. 8 - OMB Watch

Oversight of Terrorist Financing Ignores Problems for Nonprofits - April 15, 2008 Vol. 9, No. 8 - OMB Watch: "Oversight of Terrorist Financing Ignores Problems for Nonprofits

An April 1 Senate Finance Committee hearing continued an unfortunate pattern of insufficient congressional oversight of anti-terrorist financing programs, neglecting to address the unnecessarily harsh impacts the programs have on U.S. charities and philanthropy. Despite an OMB Watch request that the committee hear from additional witnesses, members only heard from Under Secretary for Terrorism and Financial Intelligence Stuart Levey. Both Committee Chair Max Baucus (D-MT) and Levey raised issues relating to charities that left important questions unasked and unanswered. However, committee staff has agreed to meet with nonprofit representatives."