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For years, most small tax-exempt organizations were exempt from filing requirements with IRS. This all changed a few years back when The Pension Protection Act of 2006 made it mandatory for tax-exempt organizations to file an annual information return or notice with the IRS regardless of how much (or little) income the organization receives.
FORBES: Tax-Exempt Organization Deadline Nears
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The brokerage industry is unique in that it has been permitted to self-regulate with limited SEC oversight, self-insure through the Securities Investor Protection Corporation, self-adjudicate through mandatory NASD Dispute Resolution arbitration, and even control, through the NASD Public Disclosure Program, the information the public receives about firms.
FORBES: Investigating Brokerages (May 1, 2002 )
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Additionally, TARP participants were the first companies required to conduct say-on-pay votes, introduce clawbacks and conduct risk assessments, practices that are now mandatory under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
FORBES: Leadership
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Voters said no to mandatory bilingual education and defeated a proposal to institute "paycheck protection, " which would have called for written permission for labor unions to use money from dues toward political campaigns.
CNN: What's At Stake: Ballot Measures
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For years the securities industry has promoted and defended mandatory arbitration as being best for investors, as opposed to offering protection to the securities industry.
FORBES: SEC Commissioners Wanted: Plaintiffs Lawyers and Consumer Advocates Need Not Apply (Sept 10,2010 )