Economic Relief Plan for Small Business
The Keeping American Workers Paid and Employed Act is Division A of the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act is 880 pages long, consisting of several different Divisions and Titles:
A. Division A—Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization
- Title I—Keeping American Workers Paid and Employed Act, which includes paycheck protection and loan forgiveness, and small business contracting relief.
- Title II—Assistance for American Workers, Families, and Businesses, which includes unemployment insurance and tax relief.
- Title III—Supporting America’s Health Care System in the Fight Against the Coronavirus, which includes provisions related to medical supplies, health care coverage, and paid sick and family medical leave.
- Title IV—Economic Stabilization and Assistance to Severely Distressed Sectors of the United States Economy, including relief to airlines, financial institutions, and sectors critical to national security.
- Title V—Coronavirus Relief Funds
- Title VI—Miscellaneous Provisions
B. Division B—Emergency Appropriations for Coronavirus Health Response and Agency Operations
The following is a summary of Division A regarding a few of the more important sections of the economic relief plan for small businesses: