07/19/2011 12:16 pm ET Updated Sep 18, 2011

Sen. Charles E. Grassley Introduces Law Targeting Charities That Avoid Taxes Offshore

Sen. Charles E. Grassley, senior Republican on the Senate Judiciary Committee, has introduced legislation that would deny some federal money to charities that put money in offshore accounts to avoid paying income taxes.

The Iowa senator has proposed barring such charities from getting grants from a federal program that helps prisoners re-enter society. The proposal follows an inquiry that he and several other lawmakers conducted last year into Boys & Girls Clubs of America.

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