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Public Policy Update - July 2020

Author: Southeastern Council of Foundations

Jul07

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 jaci@secf.org.


Bills to Expand Charitable Giving Introduced in House and Senate

Two Southeastern lawmakers are among the lead sponsors of bipartisan, bicameral proposals to expand the temporary universal charitable deduction put into law earlier this year.

In the Senate, Sen. Tim Scott (R-SC) is a lead sponsor of the Universal Giving Pandemic Response Act (S. 4032), which would expand the temporary $300 universal charitable deduction included in the CARES Act to one-third of the standard deduction, or roughly $4,000 for individuals and $8,000 for joint filers. The increased deduction would be available for tax years 2019 and 2020. Rep. Mark Walker (R-NC) has partnered with Rep. Chris Pappas (D-NH) to introduce an identical version of this legislation in the House.

The lead sponsors on the bill have indicated they are trying to get the expansion included in the next COVID relief package, which is expected in late July. The Senate Finance Committee is also considering expanding the universal charitable deduction in the next package, but committee members are also interested in adding compliance provisions to reduce the cost to the federal government and avoid fraud.

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Public Policy Update - August 2020

Author: Southeastern Council of Foundations

Aug04

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 jaci@secf.org.


Fate of Next COVID Relief Package Unclear 

As of this afternoon, the state of the next COVID-19 relief bill, including provisions affecting philanthropy and nonprofits, remained fluid.

Senate Majority Leader Mitch McConnell (R-KY) released the $1 trillion HEALS Act last week. However, several Republican senators are opposed to key provisions of the bill. That, combined with the need to achieve 60 votes to overcome a filibuster, means McConnell has to negotiate not only with his own party, but also with Democrats, whose votes will be essential to passing any legislation. 

Pressure has been added by rising jobless claims and the expiration of both a federal eviction moratorium and enhanced unemployment assistance (UI), which was providing an extra $600 per week to those unemployed due to the pandemic. 

More PPP Loans Possible: As of today, the HEALS Act includes another round of funding for the Paycheck Protection Program, which offers forgivable loans to small businesses and nonprofits. However, only organizations with fewer than 300 employees that can also show a 50 percent decline in revenue will be eligible for the next round. The proposal also includes liability protections for businesses, schools and nonprofits that reopen, a top priority for Republicans.

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Southeastern Council of Foundations
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