Business Alert

The $2 Trillion Federal CARES Act: The Key Financial Assistance Provisions, Key Legislative Changes, and Next Steps

April 7, 2020

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is a comprehensive economic relief plan designed to stabilize and uplift the American economy during the COVID-19 pandemic.  It is unique not only because of the total amount of funding made available (over $2 trillion), but also because of the breadth of industries, sectors, and individuals eligible to receive some form of federal grant aid or federally-backed loan assistance through the stimulus legislation.  

To read our full alert about the 850-page Act, Click Here. Or go right to the specific section that is of the most interest to you:

  • To Learn About New Financial Assistance Programs, Click Here 
  • To Learn About Key Changes in Federal Laws, Click Here 
  • To Learn About Major Employment Law Changes, Click Here 
  • To Learn How New Grants and Loans Might Be Disbursed, Click Here 

Foley Hoag has formed a firm-wide, multi-disciplinary task force dedicated to client matters related to the novel coronavirus (COVID-19). For more guidance on your COVID-19 issues, visit our Resource Page or contact your Foley Hoag attorney.