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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
(November 2019) The Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs is a subcommittee within the U.S. House of Representatives 's Oversight and Government Reform Committee .
President Trump refused to sign the CARES Act stimulus package if it included bailout funds for the U.S. Postal Service, the Washington Post reported.
The government also recommended closing schools and avoiding gatherings of more than ten people. [66] [67] [68] Coronavirus Response Coordinator Deborah Birx cited an analysis by Imperial College London that if nothing was done by government officials, 2.2 million would die in the United States. [69]
FEMA on Monday opened its COVID-19 Funeral Assistance Line Number to pay back funeral expenses for COVID-19 deaths dating back to Jan. 20, 2020. Government program provides up to $9,000 for COVID ...
In 2008, the federal government created the Troubled Asset Relief Program (TARP), a $700 billion government bailout designed to keep troubled banks and other companies in operation.
The bill is referred to as "Phase 3.5" of Congress's coronavirus response. [8] [9] It followed the first three phases: phase one "was an $8.3 billion bill spurring coronavirus vaccine research and development" (the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020), which was signed