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In a release dated April 16, 2020, the Congressional Budget Office estimated that the CARES Act "will increase federal deficits by about $1.7 trillion over the 2020–2030 period." [ 156 ] Part of the reason this is less than the $2.2 trillion included in the CARES Act is that income and costs as part of the Treasury's emergency lending program ...
In March 2020, the United States Congress passed the CARES Act, which included a moratorium on the evictions of tenants in rental properties that receive federal funding or have federal government-backed mortgages until July 2020.
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Includes $1200 stimulus checks, March 2020 Paycheck Protection Program and Health Care Enhancement Act – April 2020 Paycheck Protection Program Flexibility Act of 2020 – June 2020
The federal CARES Act expanded the list of qualified medical expenses in 2020, meaning products including menstrual care items, over-the-counter medications, and sunscreen are FSA eligible.
CARES Act, enacted March 27, 2020; $2.2 trillion; HEROES Act, passed by the House of Representatives on May 15, 2020, but never enacted into law; $3 trillion; Consolidated Appropriations Act, 2021, enacted December 27, 2020; included $900 billion in COVID-19 relief; American Rescue Plan Act of 2021, enacted March 11, 2021; $1.9 trillion
The Paycheck Protection Program and Health Care Enhancement Act is referred to as "Phase 3.5" as it includes "interim" funding that replenishes one of the programs established by the CARES Act (Phase 3). [12] The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were ...
October 16, 2020 at 9:10 AM. ... The $75 million program is being funded by federal CARES Act money and is aimed at stimulating the local economy.
During 2020 and 2021, the U.S. Congress passed major stimulus packages as part of an aggressive effort to fight both the pandemic and its economic impact. Three major bills were passed: the CARES Act, the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021.