S. 4001, Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020
Summary
S. 4001, the Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020, was introduced in the Senate on June 18, 2020 by Mr. Scott of South Carolina (for himself and others) and referred to the Committee on Finance. Its stated purpose is to amend title IX of the Social Security Act to improve emergency unemployment relief for governmental entities and nonprofit organizations. Section 2 amends section 903(i)(1) of the Social Security Act so that funds transferred to a State account shall be used exclusively to reduce the amounts required to be paid in lieu of contributions into the State unemployment fund by governmental entities and other organizations described in section 3309(a).
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Bills Bills 116S4001Is Bills 116S4001Is
- Case
- Bills Bills 116S4001Is Bills 116S4001Is
Cite this document
“S. 4001, Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-116s4001is-bills-116s4001is/
, SHA-256 bb22895ee329cf59a100be144e424c8d21dc541afb9bc56e3e8172be85f8f5c3.Full text
II
116TH CONGRESS
2D SESSION
S. 4001
To amend title IX of the Social Security Act to improve emergency
unemployment relief for governmental entities and nonprofit organizations.
IN THE SENATE OF THE UNITED STATES
JUNE 18, 2020
Mr. SCOTT of South Carolina (for himself, Mr. BROWN, Mr. GRASSLEY, Mr.
WYDEN, Mr. CORNYN, Mr. CARPER, Mr. LANKFORD, Mr. CASEY, Mr.
PERDUE, and Ms. HASSAN) introduced the following bill; which was read
twice and referred to the Committee on Finance
A BILL
To amend title IX of the Social Security Act to improve
emergency unemployment relief for governmental entities
and nonprofit organizations.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Protecting Nonprofits
5 from Catastrophic Cash Flow Strain Act of 2020’’.
pbinns on DSKJLVW7X2PROD with BILLS
VerDate Sep 11 2014 22:08 Jul 03, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S4001.IS S4001
2
1 SEC. 2. IMPROVING EMERGENCY UNEMPLOYMENT RELIEF
2 FOR GOVERNMENTAL ENTITIES AND NON-
3 PROFIT ORGANIZATIONS.
4 (a) IN GENERAL.—Section 903(i)(1) of the Social Se-
5 curity Act (42 U.S.C. 1103(i)(1)) is amended—
6 (1) in subparagraph (A), by striking ‘‘during’’
7 and inserting ‘‘with respect to’’;
8 (2) in subparagraph (B), by striking
9 ‘‘3309(a)(1)’’ and inserting ‘‘3309(a)’’; and
10 (3) by striking subparagraph (C) and inserting
11 the following new subparagraph:
12 ‘‘(C) Notwithstanding any other provision of law,
13 funds transferred to the account of a State under subpara-
14 graph (A) shall be used exclusively to reduce the amounts
15 required to be paid in lieu of contributions into the State
16 unemployment fund pursuant to such section by govern-
17 mental entities and other organizations described in sec-
18 tion 3309(a) of such Code.’’.
19 (b) EFFECTIVE DATE.—
20 (1) IN GENERAL.—Subject to paragraph (2),
21 the amendments made by subsection (a) shall take
22 effect as if included in the enactment of section
23 2103 of the Relief for Workers Affected by
24 Coronavirus Act (contained in subtitle A of title II
pbinns on DSKJLVW7X2PROD with BILLS
25 of division A of the CARES Act (Public Law 116–
26 136)).
•S 4001 IS
VerDate Sep 11 2014 22:08 Jul 03, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S4001.IS S4001
3
1 (2) APPLICATION TO WEEKS PRIOR TO ENACT-
2 MENT.—For weeks of unemployment that occurred
3 on or after March 13, 2020, and prior to the date
4 of enactment of this section, States may—
5 (A) issue reimbursements in accordance
6 with section 903(i)(1)(C) of the Social Security
7 Act, as in effect prior to the date of enactment
8 of this section; or
9 (B) reduce the amounts required to be
10 paid in accordance with such section
11 903(i)(1)(C), as amended by subsection (a).
Æ
pbinns on DSKJLVW7X2PROD with BILLS •S 4001 IS
VerDate Sep 11 2014 22:08 Jul 03, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S4001.IS S4001
File and source
- File
- BILLS_bills-116s4001is_bills-116s4001is.pdf
- Size
- 231,101 bytes
- SHA-256
- bb22895ee329cf59a100be144e424c8d21dc541afb9bc56e3e8172be85f8f5c3
- Original
- www.govinfo.gov