The Coronavirus Aid, Relief, and Economic Security (CARES) Act - Oversight Authorities and Managing New Risks

On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2 trillion stimulus package is the largest in American history and will make available hundreds of billions of dollars in loans and assistance to distressed companies. Companies seeking relief under the Act should be aware that any assistance will likely be subject to significant oversight.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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