CARES Act

Summary:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided $2 trillion in spending and tax provisions for companies and organizations of all sizes in response to the economic and health consequences of the COVID-19 pandemic. This law included a number of provisions that small businesses and employees in the bike industry could take advantage of to help their business, including the Paycheck Protection Program, Small Business Administration loans, unemployment insurance and more.

Status:

Became law (March 27, 2020)