Understanding the CARES Act
On March 27, 2020, President Trump signed into law a massive stimulus bill, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The legislation, with a projected cost of $2.2 trillion, is the third bill, or Phase 3, in response to the COVID-19 pandemic and includes a range of provisions to provide relief affected individuals and businesses.
Download our fact sheet for a summary of the Act in its current form. Please check back for updates as guidance and regulations are developed.