Lexology March 27, 2020
On Mar. 25, the Senate passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The House of Representatives passed the CARES Act on Mar. 27, and President Trump signed the bill later in the day, where it has now become law upon his signature. For a discussion of retirement plan provisions, provisions affecting individual taxpayers, provisions relating to small business loans, and an overall alert on its provisions, see our alerts CARES Act to Provide Significant Employee Benefit Plan Relief for Participants and Plan Sponsors (Mar. 26), Individual Income Tax Implications of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Mar. 26), Federal Government Assumes Small Business Losses Through Forgivable Paycheck Protection Program Loans (Mar....
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