In Washington: House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin were unable to come to an agreement on a coronavirus relief deal after meeting Wednesday afternoon. The Speaker says the House will...more
On March 27, 2020, Congress finalized and the president signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides significant stimulus to the various transportation sectors of the economy. The...more
On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) (H.R. 748). In this blog post we (1) lay out an initial action plan for employers considering...more
The law provides $500 billion to Treasury’s Exchange Stabilization Fund to provide liquidity to eligible businesses, states and municipalities related to losses incurred as a result of coronavirus by providing loans, loan...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) involves the injection of $2 trillion into the U.S. economy in an attempt to provide relief to various sectors of the U.S. economy. Of that amount, more than...more
On March 25, the Senate passed a stimulus bill, called the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. This is an expansion of the bill introduced by Senate Majority Leader Mitch McConnell last Thursday....more