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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (5)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

Coronavirus Aid, Relief, and Economic Security Act

Short Title(s) as Introduced for portions of this bill
  • COVID-19 Pandemic Education Relief Act of 2020
  • Coronavirus Economic Stabilization Act of 2020

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.

Actions Overview (1)

Date Actions Overview
03/19/2020Introduced in Senate

All Actions (5)

Date All Actions
06/03/2020Committee on Small Business and Entrepreneurship. Hearings held.
03/21/2020S.Amdt.1563 Referred to the Committee on Finance.
03/21/2020S.Amdt.1562 Referred to the Committee on Finance.
03/20/2020S.Amdt.1561 Referred to the Committee on Finance.
03/19/2020Read twice and referred to the Committee on Finance. (text: CR S1834-1859)
Action By: Senate

Cosponsors (6)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Alexander, Lamar [R-TN]* 03/19/2020
Sen. Crapo, Mike [R-ID]* 03/19/2020
Sen. Grassley, Chuck [R-IA]* 03/19/2020
Sen. Rubio, Marco [R-FL]* 03/19/2020
Sen. Shelby, Richard C. [R-AL]* 03/19/2020
Sen. Wicker, Roger F. [R-MS]* 03/19/2020

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance03/19/2020 Referred to
Senate Small Business and Entrepreneurship06/03/2020 Hearings by

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Subjects (88)

Latest Summary (1)

There is one summary for S.3548. View summaries

Shown Here:
Introduced in Senate (03/19/2020)

Coronavirus Aid, Relief, and Economic Security Act or the CARES Act

This bill addresses economic impacts of, and otherwise responds to, the COVID-19 (coronavirus) outbreak.

The bill authorizes emergency loans to distressed businesses, including air carriers, and suspends certain aviation excise taxes.

With respect to small businesses, the bill

  • establishes, and provides funding for, forgivable bridge loans; and
  • provides additional funding for grants and technical assistance.

The bill also provides funding for $1,200 tax rebates to individuals, with additional $500 payments per qualifying child. The rebate begins phasing out when incomes exceed $75,000 (or $150,000 for joint filers).

The bill establishes limits on requirements for employers to provide paid leave.

With respect to taxes, the bill

  • establishes special rules for certain tax-favored withdrawals from retirement plans;
  • delays due dates for employer payroll taxes and estimated tax payments for corporations; and
  • revises other provisions, including those related to losses, charitable deductions, and business interest.

With respect to health care, the bill

  • provides additional funding for the prevention, diagnosis, and treatment of COVID-19;
  • limits liability for volunteer health care professionals;
  • prioritizes Food and Drug Administration (FDA) review of certain drugs;
  • allows emergency use of certain diagnostic tests that are not approved by the FDA;
  • expands health-insurance coverage for diagnostic testing and requires coverage for preventative services and vaccines;
  • revises other provisions, including those regarding the medical supply chain, the national stockpile, the health care workforce, the Healthy Start program, telehealth services, nutrition services, Medicare, and Medicaid.

With respect to education, the bill

  • temporarily suspends payments for federal student loans; and 
  • otherwise revises provisions related to campus-based aid, supplemental educational-opportunity grants, federal work-study, subsidized loans, Pell grants, and foreign institutions.

The bill also authorizes the Department of the Treasury to temporarily guarantee money-market funds.