Watchdog Objects to New IRS Proposal Targeting Nonprofits

AP

Watchdog group Judicial Watch sent a letter on Wednesday to the Internal Revenue Service calling for the withdrawal of a new proposal regarding nonprofit groups, calling the proposal a “plainly unconstitutional regulation that arbitrarily reverses 53 years of administrative and judicial precedent.”

Owners of Fannie Mae, Freddie Mac Stock Unable to Access Future Earnings

Arrangement could violate securities laws
AP

A recently revealed memo from the Treasury Department indicates that owners of Fannie Mae and Freddie Mac common stock will not be able to access any future earnings from the mortgage giants, a previously undisclosed arrangement that experts say might violate securities laws and amount to a de facto nationalization of the companies.

Getting to the Greek

Businessman punished for trying to evade Iran sanctions
Greek Ship / AP

The United States Treasury Department sanctioned a prominent Greek businessman Thursday for his efforts to help Iran evade Western economic sanctions.

The Bloom is Off the Rose

Green energy grant recipient fined for paying employees in pesos
Bloom Energy power server / AP

A fuel cell manufacturer that received more than $70 million in federal grants has been fined for illegally paying employees in pesos.

Carbon Copies

Treasury fights to keep carbon emails secret
Sen. Vitter / AP

Treasury Department officials argued in court Monday that a conservative think tank is not entitled to more than 7,000 agency emails concerning a potential carbon tax, a move Sen. David Vitter (R., La.) called duplicitous and insulting.