Grassley Pulls Attack on “Safe Harbor” for Intermediate Sanctions
The Chronicle of Philanthropy reports today that Senator Charles Grassley (R- IA) has decided not to pursue 2 amendments to Sen. Baucus’ health care bill, one of which would have done away with the “safe harbor” from Intermediate Sanctions penalties that is available to nonprofits who utilize well-done compensation studies and take certain other steps. He did, however, reserve the right to bring them up again. Intermediate Sanctions are a set of penalty taxes imposed on a nonprofit executive who receives exessive compensation, and on the members of the governing body of the organization (e.g., the board of trustees) that approved the compensation package. (See our Sept. 26, 2009 post.)
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