After passage by the U.S. House and Senate, President Trump signed the CARES Act into law. The $2 Trillion relief package is the largest of its kind in American history. The CARES Act is considered “Phase III" of the Federal legislative response to COVID-19 and talks are already underway on “Phase IV" and beyond. The Big “I" is heavily engaged with our nation's leaders, the insurance market, and the broader business community on national solutions to the pandemic and its broad-based health and economic ramifications.
There are numerous provisions impacting small businesses including but not limited to:
Small Business Owners Guide to the CARES Act
A simple and easy-to-understand flow chart highlighting small business eligibility has been produced for member use: CARES Flow Chart