Summary of the Coronavirus Aid, Relief and Economic Security Act
On March 27, President Trump signed the $2 trillion CARES stimulus to address the devastating impacts of the coronavirus pandemic. CARES is largest relief package in U.S. history and the third major federal legislation signed in March to provide assistance because of the pandemic.
Key provisions of CARES include checks for households, unemployment insurance, assistance to states, money for hospitals and veterans’ care, funds for distressed industries, and loans and grants for businesses. CARES contains the following provisions of interest to cooperatives and their members:
*This information is a compilation of multiple sources. Please refer to the Official Team Kentucky website as your primary source of information in Kentucky.