Rounds, Colleagues Introduce Legislation Allowing Larger Faith-Based Groups, Nonprofits to Receive PPP Loans
Bill Also Prohibits Use of Taxpayer Dollars to Fund Abortion Providers
WASHINGTON– U.S. Sen. Mike Rounds (R-S.D.) today joined U.S. Sens. Kelly Loeffler (R-Ga.), Kevin Cramer (R-N.D.) and James Lankford (R-Okla.) to introduce legislation that would allow larger nonprofits such as YMCAs and churches to receive Paycheck Protection Program (PPP) loans.
“Countless Americans are struggling to make ends meet during the COVID-19 pandemic, and faith-based nonprofit groups are once again stepping up to the plate to provide relief,” said Rounds. “Our legislation would allow churches, YMCAs and other faith-based organizations to apply for loans through the Paycheck Protection Program so they can continue to support struggling families during this difficult time. Importantly, it also prevents abortion providers from receiving taxpayer funding.”
The legislation will eliminate the affiliation rules and 500-employee cap for 501(c)(3) nonprofit organizations to allow larger nonprofits to receive PPP loans. The LIFE NOW Act also prohibits taxpayer dollars from funding abortion providers.
The LIFE NOW Act is supported by March for Life Action, the Susan B. Anthony List and the Family Research Council. Bill text is available here.