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

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

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

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