Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020

Summary

Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020 This bill permits certain governmental entities, federally recognized tribes, and nonprofit organizations to make up front payments of 50% of unemployment benefits into the state Unemployment Trust Fund (in lieu of contributions) to be used exclusively to reduce such payments resulting from the COVID-19 (i.e., coronavirus disease 2019) pandemic. Currently, the Department of Labor issued guidance on April 27, 2020 (UIPL 18-20), requiring states to collect 100% of such payments up front and then reimburse them by 50% later. In addition, the bill allows states to opt to issue such reimbursements or to reduce the amounts required to be paid for weeks of employment on or after March 13, 2020, and before enactment of this bill.

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Timeline

1. 18 June 2020

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 June 2020

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 June 2020 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 June 2020

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 June 2020

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 18 June 2020

  Open at official source

Sponsors

• Tim Scott · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Chuck Grassley · R · Sponsor
• Ron Wyden · D · Sponsor
• John Cornyn · R · Sponsor
• Rep. Carper, Thomas R. [D-DE-At Large] · D · Sponsor
• James Lankford · R · Sponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
• Sen. Perdue, David [R-GA] · R · Sponsor
• Maggie Hassan · D · Sponsor
• Sen. Loeffler, Kelly [R-GA] · R · Cosponsor
• Rep. Cardin, Benjamin L. [D-MD-3] · D · Cosponsor
• Joni Ernst · R · Cosponsor
• Sheldon Whitehouse · D · Cosponsor
• Steve Daines · R · Cosponsor
• Angus King · I · Cosponsor
• Kevin Cramer · R · Cosponsor
• Sen. Booker, Cory A. [D-NJ] · D · Cosponsor
• Sen. Graham, Lindsey [R-SC] · R · Cosponsor
• Tina Smith · D · Cosponsor
• Cindy Hyde-Smith · R · Cosponsor
• Richard Blumenthal · D · Cosponsor
• Sen. Romney, Mitt [R-UT] · R · Cosponsor
• Richard Durbin · D · Cosponsor
• Mark Warner · D · Cosponsor
• John Reed · D · Cosponsor
• Amy Klobuchar · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020