On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”), a $2 trillion COVID-19 relief and stimulus package that offers extraordinary financial assistance to employers who meet certain requirements. Among many other provisions in the Act, which the Firm has separately written on as part of its COVID-19 Resource Center (available here), the new law expands unemployment insurance in many ways for affected workers.
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