Congress has completed three rounds of legislation in response
to the COVID-19 pandemic and resulting economic crisis. These
include an
$8.3 billion supplemental appropriation (round 1) signed into
law on March 6, as well as the
Families First Coronavirus Response Act (round 2), which
President Trump signed into law on March 18.
The third round, the Coronavirus Aid, Relief, and Economic
Security Act (CARES Act), is a $2 trillion package that includes
significant expansions in small business lending, unemployment
insurance, tax relief to individuals and employers, health care
measures, $500 billion in economic stabilization funds, $274
billion in emergency appropriations, and other measures aimed at
combating the COVID-19 health care and economic crisis. The
president signed the CARES Act into law on March 27, 2020.
