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On March 27, 2020, President Trump signed into law the latest COVID-19 relief bill: Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief for businesses, employees, and families in an effort to maintain livelihoods throughout the crisis and after. The expected cost of the bill is nearly $2 trillion and includes nearly $500 billion in economic distress relief for companies.

For funding dedicated to taxpayers and businesses, the bill currently includes provisions related to taxes, unemployment, small business loans, and a large business lending program. Below is a summary of what we know so far about the bill. The bill is voluminous, so please watch for additional details from DHJJ.

View the resources available to Businesses.

We’re here to help businesses navigate this uncertain time. DHJJ is continuously monitoring developments and will continue to provide the latest updates. Have more questions? Contact us now.