State & Local Impact of the Coronavirus Aid, Relief, and Economic Security Act (CARES)

April 3, 2020
Brief Summary of Top-Line Items

Largest relief legislation ever passed by Congress
Represents one-half of all federal spending on an annual basis
Includes $150 billion in direct aid to states, territories, tribes, and local governments
Individual checks of $1200 sent directly to many Americans and $500 for children
Loan program for small businesses of $377 billion
$500 billion lending fund for businesses, cities and states