Summaries of the CARES Act

The federal government’s “phase three” COVID-19 emergency aid package — known as the CARES Act — included $2.2 trillion in economic relief for individuals and businesses affected by the pandemic. It includes the Paycheck Protection Program for small businesses.

Here is valuable insight on the CARES Act from selected OMA Connections Partners:

• Clark Schaefer Hackett’s summary of the CARES Act.
• RSM’s summary of CARES Act’s loans for businesses.
• Benesch’s summary of business tax provisions in the CARES Act.
• GBQ Partners’ summary of the CARES Act.
• Frantz Ward’s summary of the CARES Act.

Also, here are summaries of the “phase two” legislation — the Families First Coronavirus Response Act (FFCRA) — which included provisions on paid sick leave and expanded unemployment benefits. 4/1/2020