Coronavirus Aid, Relief, and Economic Security Act CARES Act (Pub. L. 116-132) as it relates to nonprofit organizations


Posted by OMA on 03/30/2020

The following is provided by the National Council of Nonprofits:

Coronavirus Aid, Relief, and Economic Security Act CARES Act (Pub. L. 116-132)

On March 27, the House unanimously passed and President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus law intended to provide immediate relief for individuals, nonprofits, businesses, and state and local governments. The CARES Act is the third law enacted in response to the COVID-19 pandemic. More information for nonprofits at: https://www.councilofnonprofits.org/trends-policy-issues/initial-analysis-of-the-coronavirus-aid-relief-and-economic-security-act-cares

 Fact sheet can be found here