Congress has been working to provide economic relief to Americans as we navigate this global pandemic. The Families First Coronavirus Response Act was passed on March 18, 2020 which requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.
In an effort to stabilize the economy, The House of Representatives passed the $2.2 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The bill was passed unanimously to significantly impact the economy by providing loan forgiveness, enhancing unemployment insurance, supporting small businesses, and providing federal loans to industries severely impacted by the pandemic. In addition, it provides tax relief and incentives of both individuals and businesses.
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