Late last night, March 25, the U.S. Senate unanimously (96-0) approved H.R. 748, a third coronavirus stimulus package (Coronavirus Aid, Relief, and Economic Security (CARES) Act). The package contains scores of provisions to support businesses, large and small, and others including displaced workers, federal agencies, higher education institutions, corporations. The U.S. House is scheduled to vote on the measure tomorrow, March 27.
Late last night, March 25, the U.S. Senate unanimously (96-0) approved H.R. 748, a third coronavirus stimulus package (Coronavirus Aid, Relief, and Economic Security (CARES) Act). The package contains numerous provisions to support businesses, large and small, and others including displaced workers, federal agencies, higher education institutions, and corporations. The U.S. House is scheduled to vote on the measure tomorrow, March 27.
A small sample of provisions in the legislation include:
The CARES Act is the largest economic rescue measure in American history. For more detail, please see the Title-by-Title summary prepared by the Senate Committee on Appropriations.
