In this issue:

- SEC Allows Public Advertising of Private Securities Offerings

- What Your Nonprofit Needs to Do about HIPAA – Now

- The 2013 Draft MDE General Permit for Stormwater Associated with Construction Activity

- CFPB Unveils Regulatory Priorities: More Nonbank Supervision and Substantive Rulemakings Expected

- Customer Due Diligence and Beneficial Ownership: New Requirements for Financial Institutions?

- DC Court Strikes SEC Rule Requiring Extractive Industries’ Reporting of Payments to Foreign Governments

- Lessons from the IRS Nonprofit College and University Compliance Project: Final Report Offers a Wealth of Information for All Tax-Exempt Organizations

- New York Legislature Passes Nonprofit Revitalization Act: Comprehensive, Significant Changes to New York Nonprofit Corporation Law on Horizon

- OFAC Expands General License for Export of Basic Medical Supplies to Iran; Provides Additional Guidance

- Private Fund Update

- The Senate's Confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau and What This Means Going Forward

- SIGTARP's Pursuit of TARP-Related Misconduct – No End in Sight

- U.S. Senate Finance Committee Report Highlights Potential Tax Reforms for Tax-Exempt Organizations

- What to Know about CFPB Supervision and Examination

- Advertising News & Analysis

..July 18, 2013 edition

..July 25, 2013 edition

- Upcoming Events

- Excerpt from: New York Legislature Passes Nonprofit Revitalization Act: Comprehensive, Significant Changes to New York Nonprofit Corporation Law on Horizon

The Nonprofit Revitalization Act, a bill that makes comprehensive updates to the New York Not-for-Profit Corporation Law, recently passed both houses of New York’s legislature. Its provisions apply to nonprofits that are incorporated in New York, but one significant section – related to financial audits and financial reporting to the state – applies to all nonprofits that are registered in New York for charitable solicitation purposes.

Please see full newsletter below for more information.

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