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The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
A deal to provide an additional pandemic relief for small businesses and others appears set to be finalized and then become law later this week. What's in the nearly $500 billion deal to protect ...
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved ...
Speaker Nancy Pelosi announced on April 2, 2020, that the committee would oversee the $2.2 trillion economic stimulus/rescue legislation (the Coronavirus Aid, Relief, and Economic Security Act) enacted by Congress. The Act created a $500 billion bailout fund for U.S. industry and is the largest economic emergency legislation in U.S. history.
After initially failing to pass in the Senate on March 22 and 23, [218] the $1.4 trillion CARES Act [a] was revised in the Senate, coming to $2 trillion, including $500 billion for loans to larger businesses such as airlines, $350 billion for small business loans, $250 billion for individuals (sent in $1,200 checks to individuals making less ...
The GOP’s $500 billion coronavirus stimulus package failed to advance in the Senate on Wednesday as the White House and Democrats still negotiate on a larger deal that must finish this week to ...
A proposed COVID-19 relief bill is expected to get ... Republican and Democratic senators is less than half of the Democrats’ push of $2.2 trillion and nearly double the $500 billion “targeted ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]