To ensure that you have the latest information on federal relief packages, we wanted to provide summary details of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation would provide emergency assistance for individuals, families, first responders, health care providers, and businesses affected by the COVID-19 public health emergency.
Broadly, the measure is intended to help stimulate the economy and help businesses and professionals respond to, and recover from, this crisis. Although we know that this is just the beginning of a federal response plan, we believe it’s important to keep you updated on the latest developments as they are finalized on Capitol Hill. We anticipate additional stimulus bills will be forthcoming as the government continues to respond to this crisis.