S.C. At the meeting, non-profit leaders cautioned regulators not to take an approach that would unnecessarily hamper charities, especially small organizations. Many non-profit organizations are already feeling overwhelmed by the registration and reporting requirements they face from states and local governments. The document urges charity regulators to publish their registration and reporting forms, laws, regulations, and related information on the Internet to make it easier for charities and fund raisers to comply. However, Lee M. Cassidy, executive director of the National Federation of Nonprofits, says that he remains skeptical about the usefulness of registration and reporting requirements to identify fraud. Those are the groups that need help.
Regulators hope to adopt a final version of the proposal early next year.