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ARTICLE · 16 APRIL 2020

The CARES Act-Compensation And Benefits Related Provisions

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By Ryan J. Liebl & Stephanie B. Vasconcellos on March

United StatesCoronavirus (COVID-19)
Ryan Liebl
Ryan Liebl
Stephanie B. Vasconcellos
Stephanie B. Vasconcellos
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On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act was enacted into law. The CARES Act is a $2 trillion stimulus package designed to help bolster the economy overall by providing aid to workers and businesses impacted by COVID-19 and to provide further support to the country's health systems. This blog post is intended to give businesses a high level understanding of some of the key provisions of the CARES Act that may impact employers.

Among other provisions, as passed by the Senate, the CARES Act contains the following provisions related to compensation and benefits:

  • Requirement to Maintain Employment Levels for Certain Companies Seeking Direct Government Assistance: Title IV of the CARES Act includes up to $500 billion in aid that can be provided to distressed companies in the form of government investment, loans and loan guaranties. Among other requirements, an eligible business that is an air carrier, a cargo air carrier or a business

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