A Plain Language Guide to the Coronavirus Aid, Relief and Economic Security (“CARES”) Act
By:
Joseph E. Hunt,
Amanda E. Thibodeau &
Matthew L. Mitchell
March 30, 2020
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President Trump signed the CARES Act into law on March 27, 2020. With an estimated price tag in excess of $2 trillion, the CARES Act is intended to provide businesses and industry with a broad lending program designed to sustain working capital needs, provide immediate cash relief for middle- and working-class Americans, and increase public health spending to combat COVID-19.
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