Sen. Charles E. Grassley is expected to leave his powerful post on the Finance Committee in 2011 as part of a deal reached today with Sen. Jeff Sessions of Alabama, who is expected to take over the top Republican spot on the Judiciary Committee, The Chronicle’s Government and Politics Watch reports.

Mr. Grassley, an Iowa Republican, is the senior Republican of the Finance Committee. In that role, he has been the Senate’s most active voice on key nonprofit issues such as abuse, the tax treatment of nonprofit hospitals, endowments, and executive compensation.

Plus: Seeking ideas on the new federal innovation fund for nonprofit groups.