March 27, 2020
Congress approved, and President Trump has signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on Friday, March 27, 2020. The CARES Act provides financial relief for businesses and individuals. The bill is extensive and includes provisions for business continuation loans, including payroll and mortgage relief, employment tax deferrals, insurance coverage for testing and future vaccinations, relaxation in rules regarding hardship withdrawals and loans against retirement programs, and more.
We will keep you updated as this progresses.