Perjury in Congressional Hearings on College Bowl System and the BCS?

Congress conducted hearings on the college bowl system earlier this month. Now, reporters have raised questions regarding whether bowl defenders committed perjury or acted in contempt of Congress in claiming that most bowl games are organized by charitable groups and that tens of millions of dollars earned by the bowls go to charity. Yahoo.com stories are here and here, and BYU law professor Gordon Smith weighs in at the Conglomerate blog.