The President has signed a $2 trillion relief package, the
"Coronavirus Aid, Relief, and Economic Security Act"
(CARES Act). The CARES Act is intended to provide "emergency
assistance and health care response for individuals, families and
businesses affected by the 2020 coronavirus pandemic." The
CARES Act provides much needed sources of liquidity for businesses,
relief for the unemployed and incentives to businesses to keep
workers employed, support for the healthcare system in combating
COVID-19, and other relief to help individuals and businesses in
the United States withstand the harsh impact of COVID-19. We are
continuing to monitor developments and working on a series of more
detailed Alerts focused on different aspects of the CARES Act. In
the interim, below are highlights of the CARES Act that are
important to our clients:
