Public Policy Update - October 2020
Each month, SECF provides members with monthly updates on the latest public policy developments in Washington and state capitols around the region, analyzing their possible impact on the charitable sector. If you would like to see an issue featured in a future Public Policy Update, contact Jaci Bertrand, SECF's vice president of member engagement, at email@example.com.
Post-Election Briefing for SECF Members on November 16
Mark your calendars: SECF will hold a special post-election member webinar on Monday, November 16, at 2:00pm Eastern! We will review the results of races for the White House and Congress and what they could mean for the charitable sector and its priorities in 2021.
Registration for this event will open soon – keep an eye on your email and SECF.org for details!
House Democrats Pass Scaled-Back HEROES Act, But Compromise Remains Elusive
Last week, House Democrats released a $2.2 trillion scaled-back relief package in a last-ditch effort to provide additional COVID relief before lawmakers leave town to campaign. Notably, the bill does not include an expansion of the universal charitable deduction but does include a few provisions helpful to nonprofits. A summary released by the National Council of Nonprofits has more details.
Even with the bill’s reduced price tag, half a trillion dollars still stands between Democrats and the White House. As of today, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were negotiating with the hopes of reaching an agreement, but a compromise before the election appears unlikely.
Looking ahead, the next opportunity for lawmakers to advance a COVID relief package is likely during the “lame duck” session – the time between the election and the end of the year. Current government spending levels expire on December 11, so that will present another opportunity to advance a relief measure that could include nonprofit policies like an expanded universal charitable deduction and additional PPP relief.
New Legislation Lifts $300 Cap on Universal Charitable Deduction
This week, Reps. Carolyn Maloney (D-NY) and Jerrold Nadler (D-NY) introduced legislation to provide emergency relief to the arts and cultural nonprofit community. The bill includes provisions important to the sector, such as a removal of the cap on the temporary universal charitable deduction, extension of the suspended AGI limits included in the CARES Act, and expansion of the Paycheck Protection Program to include all nonprofits.
You can find a summary of the bill here.