The Coronavirus Aid, Relief, and Economic Security (CARES) Act

Congress passed theCoronavirus Aid, Relief, and Economic Security (CARES) Actand 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

Ways and Means Committee

Fact Sheet and FAQ on the Bill's Unemployment Compensation Provisions

FAQ on the Bill's Rebates (Direct Cash Payments to Americans)

Explainer on How The Bill's Rebates Work in Terms of Social Security

Education and Labor Committee

Fact Sheet on the Bill's Education Provisions

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

OTHER RESOURCES

State-by-State Information on the Bill prepared by the Center for Budget and Policy Priorities

State-by State Information on the Bill prepared by the Tax Foundation