CARES Act Approved by Senate Pending House Approval and President Signature Contains Massive Relief and Stimulus Provisions for Nonprofits
By Mike Batts, CPA
March 27, 2020
On March 25, 2020, the United States Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act – legislation that would provide an unprecedented and massive array of relief, benefit, and stimulus measures designed to help Americans, businesses, nonprofits, and state and local governments amid the coronavirus crisis. The CARES Act as passed by the Senate is pending approval by the House and President, both of which are expected.
Key Provisions Relevant to Nonprofit Organizations
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