Sat.Jul 11, 2020

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New COVID-19 Relief Legislation – Unemployment Insurance and EIDL Program

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from Mary Kate Cunningham, CAE, Vice President of Public Policy for ASAE. Protecting Nonprofits from Catastrophic Cash Flow Strain Act. Photo by Andy Feliciotti. Yesterday, the House passed the Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020 (S. 4209), which specifies that Congress intended for the federal government to cover, upfront, half of the cost prior to a nonprofit paying its unemployment insurance to the state.

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