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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.
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
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 ...
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
In December 2020, the New York State Legislature passed a state moratorium on evictions. [11] In May 2021, the legislature extended the moratorium until August 31. [12] The Supreme Court struck down a provision of the state moratorium that protected people who filed a form declaring economic hardship, rather than providing evidence in court. [13]
In 2020 the CARES Act allowed single filers and married couples filing jointly to deduct up to $300 in charitable donations without having to itemize their return. Married filing separately ...
On March 25, 2020, Idaho became the last U.S. state to close public school buildings, [5] leaving all public schools in the nation closed. Just two days after the Idaho closures, the U.S. federal government passed the CARES Act, which started multiple programs to offer assistance to employers, workers, and public education.
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