Cares Act 2 Bill Passed. Next steps and more info. The legislation designates $339.8 billion for programs that will go to state and local governments.
The president signed the legislation, called the cares act, hours after the economic aid bill was passed by the house of representatives, which took up the bill after the senate passed it on. A second influx of funding was allocated in june of 2020, and a new stimulus bill was signed by president trump on december 27, 2020. After a quick turnaround in the house and the senate, the cares act was successfully passed on march 27, 2020—providing some much needed economic relief to a declining american economy.
The cares act, or coronavirus aid, relief, and economic security act, is the $2.2 trillion economic stimulus bill passed by the 116th u.s.
The cares act, the $2 trillion coronavirus emergency relief bill that serves as phase three of congress's coronavirus relief efforts, has passed the house of representatives. What's in the $2 trillion coronavirus stimulus bill. The program will operate like the first round but there are some changes. Individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each, with married couples earning up to.