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Congressional Democrats push $50B bill for nonprofits

Mar 19, 2021 - Associated Press Financial Wire

Congressional Democrats are pushing a federal bill that would give nonprofits $50 billion to help them retain employees, hire newly unemployed workers and expand their operations to combat the devastating effects of the coronavirus pandemic.

The bill, which was reintroduced in the U.S. Senate this week by U.S. Sen. Amy Klobuchar and three other Senate Democrats, would give individual nonprofits grants of up to $3 million. However, experts say the bill's chances of passage this time remain ...