On Friday evening, President Trump signed H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, into law.
Following the bill signing, Chairwoman Nydia Velazquez of the House Small Business Committee released a fact sheet summary addressing how the $376 billion in relief aid will uplift struggling small businesses affected by the COVID-19 pandemic.
The House Small Business Committee recently released a CARES Act flowchart and the Senate Small Business Committee has responded to frequently asked questions on the Payroll Protection Program. To download both documents, click below.
House: Not in Session
The House is not in session.
Senate: Not in Session
The Senate is not in session and will reconvene on April, 20th, 2020.
At the Agencies
U.S. Department of Labor
- The Department released a news release titled, “U.S. Department Of Labor Adds To Guidance for Workers and Employers Explaining Paid Sick Leave and Expanded Family and Medical Leave Benefits Under the Families First Coronavirus Response Act.”
U.S. Department of the Treasury
- The Department released a news release titled, “Statement by Secretary Steven T. Mnuchin on the Passage of the CARES Act.”
Small Business Administration
- The Department released a news release titled, “CARES Act Statement from SBA Administrator Jovita Carranza.”
U.S. Department of Commerce
- The Department released a news release titled, “Statement from Secretary of Commerce Wilbur Ross on President Donald J. Trump’s Signing of the CARES Act.”