CARES Act Addresses COVID-19 Economic Crisis
Congress has passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and the President has signed it into law today. The largest emergency economic stimulus package ever passed, the CARES Act aims to help individuals and businesses deal with the severe financial effects of the COVID-19 pandemic. The CARES Act includes sweeping provisions related to greatly expanding small business loan programs, providing direct and immediate cash payments to certain individuals, providing significant unemployment benefits, increasing production of necessary medical supplies and authorizing financial aid to certain particularly hard hit industries. Additionally, the CARES Act clarifies several elements …
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