The Coronavirus Aid, Relief, and Economic Security (CARES) Act
Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and it was signed into law by President Donald Trump to respond to the COVID-19 pandemic and its effect on individuals, families and businesses. Please find answers to your questions about direct cash payments and assistance for small businesses below.
Economic Impact Payments
The CARES Act approved cash rebates or "economic impact payments," to individuals. For answers to questions on how you will receive the payment, who receives the payment, the size of the payment, and more please find the answers here.
Economic Impact Payments for Social Security and Supplemental Security Income (SSI) Recipients
Social Security and SSI recipients are eligible for ecnomic impact payments.
Assistance for Small Business Owners
Congress passed numerous initiatives to assist small business owners. These programs will soon be available. To assess which program is best for you please visit the guide here. You can stay up to date on when these programs become available by staying in touch with the local Small Business Administration (SBA) District Office, which can be located here.
Summary of the Bill, prepared by Senate Democrats
Section-by-Section Summary of the Bill, prepared by Senate Democrats
Summary of the Bill’s $340 Billion in Emergency Appropriations, prepared by Democratic staff of the Senate Appropriations Committee
Summary of Expected Timeline for Direct Cash Payments, prepared by House Ways and Means Committee
RESOURCES PREPARED BY HOUSE COMMITTEES
Education and Labor Committee
Small Business Committee
Fact Sheet on the Bill’s Small Business Provisions
Oversight and Government Reform Committee
Overview of the Bill’s Oversight and Accountability Provisions
Financial Services Committee
Fact Sheet on Financial Services Priorities Included in the Bill