Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020. 42 USC 1305 note.>>
This Act may be cited as the ``Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020''.
ENTITIES AND NONPROFIT ORGANIZATIONS.
(a) In General.--Section 903(i)(1) of the Social Security Act (42 U.S.C. 1103(i)(1)) is amended-- (1) in subparagraph (A), by striking ``during'' and inserting ``with respect to''; (2) in subparagraph (B), by striking ``3309(a)(1)'' and inserting ``3309(a)''; and (3) by striking subparagraph (C) and inserting the following new subparagraph:
``(C) Notwithstanding any other provision of law, funds transferred to the account of a State under subparagraph (A) shall be used exclusively to reduce the amounts required to be paid in lieu of contributions into the State unemployment fund pursuant to such section by governmental entities and other organizations described in section 3309(a) of such Code.''. (b) Effective Date.-- (1) In general.--Subject to paragraph (2), the amendments made by subsection (a) shall take effect as if included in the enactment of section 2103 of the Relief for Workers Affected by Coronavirus Act (contained in subtitle A of title II of division A of the CARES Act (Public Law 116-136)). (2) Application to weeks prior to enactment.--For weeks of unemployment that occurred after March 12, 2020, and prior to the date of enactment of this section, States may-- (A) issue reimbursements in accordance with section 903(i)(1)(C) of the Social Security Act, as in effect prior to the date of enactment of this section; or
(B) reduce the amounts required to be paid in accordance with such section 903(i)(1)(C), as amended by subsection (a).
Approved August 3, 2020.
LEGISLATIVE HISTORY--S. 4209: ---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 166 (2020): July 2, considered and passed Senate. July 9, considered and passed House.
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