The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. This bill intends to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. In the coming days and weeks, guidance will be provided on how to execute or implement the new requirements, and how to apply for the new benefits where applicable. In the meantime, individuals, employers and advisors must rely on a good faith interpretation of the act’s text.
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