(Updated: Friday, March 27, 2020, 4:50 CST) The massive stimulus package was signed by the President this afternoon. The Senate passed the legislation on Wednesday and the House, today. It is an unprecedented $2 trillion aid package designed to help the economy rebound from the coronavirus pandemic. As we always remind readers, do not make decisions based on the information you find on this or any other source. Individual small business owners often have unique situations and should seek advice from their trusted business and legal advisors before making any decision.)
NYTimes.com, March 27, 2020 | The $2 trillion relief bill will send money directly to Americans, greatly expand unemployment coverage and make a number of other changes. Congress has agreed on a $2 trillion economic relief plan to offer assistance to tens of millions of American households affected by the coronavirus pandemic. Its components include stimulus payments to individuals, expanded unemployment coverage, student loan changes, different retirement account rules and more.
NYTimes.com F.A.Q. on Stimulus Checks, Unemployment, and the Coronavirus Bill
The NYTimes.com has an excellent (and understandable) FAQ on the entire plan. Here are answers about small business-related information found in the FAQ. I recommend reviewing the entire section. This is a partial list regarding small business-related information. It was compiled by Tara Siegel Bernard and Ron