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The CARES Act: What is it and how does it work?

On March 27, 2020, the United States Congress passed, and President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This historic legislation creates an unprecedented and massive array of relief, benefit, and stimulus measures designed to help Americans, businesses, nonprofits, and state and local governments offset economic losses and hardships from the coronavirus crisis.

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