Benefits / Resources / Articles
March 27, 2020

President Trump Signs the CARES Act Into Law

March 27, 2020

 

It’s official! 

H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act becomes Law 

Moments ago, President Trump signed the $2.2 trillion coronavirus stimulus bill, establishing it as law, to help millions of Americans cope with the hardship that the covid-19 pandemic is inflicting on our economy.

In a nutshell, the CARES Act creates programs that will provide:

  • direct payments to taxpayers, 
  • directs funds to small business loans,
  • enhanced unemployment benefits, 
  • loans for hard-hit industries, 
  • directs funds for states and municipalities, 
  • expanded business tax provisions, 
  • and funding for medical facilities. 

 

With the President’s signature, the executive branch of our government is now tasked with implementing these financial assistance programs for millions of Americans. 

This bill is 880 pages long and you can read it here. But if since that’s too much for many people, PPA we did that for you and broke down the bill, identifying how photographers can make use of these financial assistance programs. 

For more details, please visit: PPA.com/InItTogether/Government-Assistance

JOIN PPA NOW