On March 27, the United States Congress passed a 3rd economic stimulus bill, the $2 trillion “Coronavirus Aid, Relief, and Economic Security (CARES) Act”. President Trump has promised to swiftly sign the measure into law.
The legislation includes a package of tax relief provisions, corporate and small business loan programs, and a taxpayer rebate program. The bill provides funding to United States Environmental Protection Agency (EPA) for the expedited review of chemicals that are effective against the novel coronavirus that causes COVID-19. In addition, the bill extends the Department of Homeland Security’s Chemical Facility Anti-Terrorism Standards program through July 23, 2020. The bill also includes a host of funding for federal agencies and programs. Finally, the bill provides an additional $600 per week for those receiving unemployment benefits.
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