Excerpt Source: AVMA.org
As expected, the CARES Act cleared the Senate by a vote of 96-0 just before midnight on March 25, and the House passed the bill on Friday, March 27, 2020. President Trump signed the legislation Friday afternoon.
Notably, the CARES Act represents the most significant stimulus package in our nation’s history. It contains many complicated and intersecting provisions that will take time to interpret, particularly as we await further clarifications from the Department of Treasury, Department of Labor, and the Small Business Administration.
