Congress is moving quickly to draft a fourth economic stimulus bill that will expand on the CARES Act that was enacted in late March. We have been pleased that the original CARES Act included the nonprofit sector – a first in federal relief legislation. However, according to our partner the National Council of Nonprofits, many implementation challenges have arisen with federal agencies and private entities that undermine the intent of the law to provide economic relief for nonprofits. Negotiations on the new legislation are going on right now. While the Council is working the issue with congressional leaders in Washington D.C., Foraker has been talking with the Alaska delegation about including certain provisions to benefit nonprofits. Those include: Expanding access to credit by designating funding exclusively for nonprofits within the two principal… Read more »






