President Trump signed the “Coronavirus Aid, Relief, and Economic Security Act” (the CARES Act) on the afternoon of March 27, 2020, following voice-vote approval earlier in the day by the US House of Representatives and a unanimous 96-0 vote by the US Senate on March 25. The CARES Act’s estimated $2+ trillion price tag includes: extraordinary public health spending to confront the COVID-19 pandemic; immediate cash relief for individual citizens; a broad lending program for small business; and, targeted relief for hard-hit industries.
Here is a great website that breaks down what this 880-page document means for your business and your employees:
https://www.steptoe.com/en/news-publications/president-trump-signs-cares-act-into-law.html