WASHINGTON -- Legislation that would ease curbs on 501(c)(3) bonds cleared a big hurdle to enactment last week by landing in the health care reform package of Senate Majority Leader George Mitchell, D-Maine.

On the surface, it would look like the 501(c)(3) measure will be able to enjoy smooth sailing from here on in: It isn't controversial, and it has the staunch backing of Sen. Daniel P. Moynihan, D-N.Y.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.