Congress Approves Nonprofit Cash Flow Help

Congress Approves Nonprofit Cash Flow Help

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“With a master stroke of bipartisanship, the House today acted to partially reduce the panic that many nonprofits will experience this month when dozens of states send out massive invoices for unemployment compensation costs,” National Council of Nonprofits President & CEO Tim Delaney said via a statement issued on Thursday. “With nonprofit resources plummeting and demand for services rising, nonprofits that have already had to lay off employees could not bear the brunt of another huge bill to pay,” he said.

The Senate also passed the measure by unanimous consent to override what Delaney described as a “misguided, jobs-killing interpretation” by the Department of Labor that was imposing economic burdens on charitable organizations that Congress never intended.

“This legislation is not a complete solution to the problem of unemployment benefits costs that are dragging nonprofits down and forcing them to reduce services to the public, but it is a solid half-step toward the full solution needed,”  said Delaney, thanking House leaders for prioritizing the needs of charities during the crisis.

Source Name: 
The NonProfit Times

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