What the CARES Act Means for Nevada’s Families and Businesses

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In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law in response to the COVID-19 pandemic. At $2 trillion, it is one of the largest relief packages in U.S. history. It aims to shore up the economy and provide relief to families facing economic hardship due to the downturn caused by the pandemic. Included in the act is an estimated $560 billion for individuals, $500 billion for large corporations, $377 billion for small businesses, $340 billion in support for State and Local Governments, and $154 billion for Public Health. In this policy brief, we provide a summary of the key provisions of the CARES Act for individuals, families, and businesses. Full report here: https://bit.ly/2wlLexJ