On March 25, 2020, the U.S. Senate approved the proposed Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a sweeping economic relief package designed to alleviate the economic impact of the COVID-19 pandemic. At the time of this Client Alert, the bill is before the U.S. House of Representatives, which will decide whether to approve the measure in the coming days. The proposed language of the CARES Act is subject to change. This Alert addresses the Paycheck Protection Program provisions of the CARES Act, as it was approved by the Senate. The Alert can be found here.
Client Alert: The U.S. Senate’s The CARES Act Offers Federal Assistance For Small Businesses
