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The Coronavirus Aid, Relief and Economic Security Act

Coronavirus Aid, Relief and Economic Security Act
Congress has passed, and the president has signed into law, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), which is intended to provide direct health care aid and economic relief in response to the COVID-19 pandemic. The Act provides over $2 trillion of relief in the form of public health aid, tax relief for individuals and businesses, and direct appropriations for many affected industries.