Client Alert: CARES Act Highlights

On March 27, Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, a $2.2 trillion stimulus package to address the economic effects of the ongoing COVID-19 pandemic. This expansive new law enacts a wide range of new programs and changes to existing law that will provide individuals, businesses, and tax-exempt organizations with much-needed economic relief during the current volatile period.