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CARES Act (including PPP)

UPDATE 8/8/2020
President Trump signed a series of Executive Orders regarding assistance in response to the COVID-19 pandemic’s ongoing needs.  The full text of the orders should be available during the week of August 10th.

The first order would extend enhanced unemployment benefits at $400.00 per week with individual states paying 25% ($100.00) of the benefit.  He did not state when the enhanced payments would go into effect.  The previous benefit of $600.00 per week ended on July 31, 2020.

The second order extends the federal moratorium on evictions, which also ended on July 31, 2020.

The other Executive Orders provide a payroll tax holiday for individuals earning $100,000 or less and defers student loan payments until 12/31/2020.

The President signed these orders after stimulus talks between the administration and Congress stalled.  

UPDATE 8/05/2020
The Administration and Congress are continuing negotiations to renew or add assistance in response to the ongoing COVID-19 pandemic.  Some areas under consideration include extending in some manner the Federal Unemployment Enhancement and the Eviction Moratorium; funding a second round of individual stimulus payments; providing relief to state and local governments.

Both Houses of Congress need to approve any agreement and the President would have to sign it before it goes into effect. 

Please use the links below to provide general answers to the first Federal Government Legislation passed in April, 2020, in response to COVID-19. The US Department of Treasury has the most up to date information: https://home.treasury.gov/policy-issues/cares 

For individuals:

For small businesses:

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