CARES Act

On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The $2.2 trillion emergency economic relief package will provide assistance to American citizens, businesses, hospitals, and state and local governments who have been adversely impacted by COVID-19 through loans, grants, and the creation of various tax incentives. 

CARES Act Executive Summary

3.27.20 | Key Points: The CARES Act – a $2.2 Trillion Coronavirus Rescue Package

Additional CARES Act Resources

Following are client alerts offering specific guidance regarding the CARES Act and its provisions and potential implications on businesses, employers, and individuals. Our attorneys are closely monitoring the developments of the CARES Act as they occur and will make regular updates to the resources below.

8.25.20 | SBA Issues New PPP Rule on Owner-Employee Compensation and Nonpayroll Costs

8.14.20 | Presidential Memorandum Permits Payroll Tax Deferral, But Many Questions Remain

8.05.20 | New FAQs on Paycheck Protection Program (PPP) Loan Forgiveness Issued

6.25.20 | Further COVID-19 Disclosure Guidance from the SEC

6.18.20 | New Paycheck Protection Program (PPP) Loan Forgiveness Applications and Interim Final Rule Issued

6.04.20 | The Paycheck Protection Program Flexibility Act Makes Significant Changes to the PPP

5.27.20 | Key Guidance on Claiming the Employee Retention Credit under the CARES Act

5.27.20 | No Deduction for Business Expenses Paid Out of Forgivable Payroll Protection Program Loans

5.26.20 | Paycheck Protection Program (PPP) Loan Review Procedures: What Borrowers and Lenders Need to Know

5.26.20 | Interim Final Rule on Forgiveness of Paycheck Protection Program (PPP) Loans Issued

5.22.20 | New Regulatory Guidance for Benefits Plans in Light of COVID-19

5.18.20 | Paycheck Protection Program (PPP) Loan Forgiveness Application Issued – How Borrowers Ask for Forgiveness

5.13.20 | Paycheck Protection Program (PPP) FAQ Updated with Guidance on Necessity Certification and Eligibility

4.23.20 | Paycheck Protection Program (PPP) FAQ Updated to Address Certification Liability – Applicants and Borrowers Should Beware

4.16.20 | Congress Provides Financial Relief for Taxpayers During Coronavirus Outbreak

4.15.20 | SBA Paycheck Protection Program Rule: Guidance for Self-Employed Individuals

4.10.20 | Banking Regulators Continue to Provide COVID-19 Relief

4.09.20 | Paycheck Protection Program FAQs for Independent Contractors

4.07.20 | SBA Paycheck Protection Program Frequently Asked Questions Updated to Address Key Issues

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Lenders Need to Know

4.03.20 | SBA Paycheck Protection Program Rule Issued: What Borrowers Need to Know

4.01.20 | Treasury Department Issues Initial Guidance on SBA Paycheck Protection Program

4.01.20 | CARES Act Enhances Eligibility for Small Businesses to Declare Bankruptcy

4.01.20 | Your U.S. Patent and Trademark Deadlines May Change Based on COVID-19

3.30.20 | Banking Regulatory Relief Provisions under the CARES Act

3.27.20 | New Benefits Rules for Retirement and Welfare Plans in Response to the Coronavirus

3.26.20 | The SBA Paycheck Protection Loan Program


Lewis Rice publishes new COVID-19 alerts regularly. For a complete listing of all of Lewis Rice’s COVID-19 alerts and guidance, visit the Overview page of our COVID-19 Resource Center.

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