COVID-19: CARES Act Passed by Congress
Congress Passes CARES Act: Overview of the Relief Available to Small and Other Business Concerns
In the midst of a global pandemic and the highest unemployment rates the United States has seen since 1933, President Trump signed into law the $2 trillion dollar Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), providing economic relief to businesses, States and municipalities, and individuals affected by COVID-19. While the scope of the CARES Act is wide-ranging, this alert is limited to providing a high-level overview of the relief available for qualifying business concerns (generally small businesses with certain limited exceptions). We will publish additional alerts as the Small Business Administration (SBA) issues implementing regulations over the next 15 days.
To view the full memo, please click here.
This memo was received from Greenberg Traurig - many thanks to NYHA Consel, Mark Glaser, Esq, for passing this along to our members!