The US Senate approved a historic $2 trillion stimulus deal to bolster our suffering economy amidst the COVID-19 pandemic. The US House of Representatives have since passed the Bill and the President signed it into law.
We have included copies of both the voluminous H.R.748 – CARES Act and our summarized version for your easy review. You may also choose the option to download both documents.
Some of the key stimulus funding include $250 billion set aside for direct payments to individuals and families, $350 billion in small business loans, $250 billion in unemployment insurance benefits and $500 billion in loans for distressed companies. This legislation represents the largest emergency aid package in US history.
NBCSL will continue to provide timely updates and resources through our website, social media and eblasts.
{modal https://nbcsl.org/phocadownloadpap/Summary_COVID-19_032720_FINAL.pdf}Preview the Summary{/modal} / Download the Summary
{modal https://nbcsl.org/phocadownloadpap/COVID-19 BILL-HR748enr_FINAL.pdf}Preview the H.R.748 – CARES Act{/modal} / Download the H.R.748 – CARES Act