NACo Analysis of the Third COVID-19 Supplemental: The Coronavirus Aid, Relief, and Economic Security Act
Over the last several weeks, Congress and the administration have been working to address national challenges related to COVID-19. In just a few weeks, they have quickly passed two bipartisan emergency packages which are directing billions of dollars to Coronavirus response and relief efforts.
Closely following the passage of the second package, Congress quickly shifted gears towards a third legislative package that would further address the economic impact of the coronavirus. The “Coronavirus Aid, Relief, and Economic Security (CARES) Act” (H.R. 748) and associated emergency supplemental appropriations would provide two trillion towards Coronavirus relief efforts. The massive rescue package — the biggest in U.S. history — would provide hundreds of billions of dollars in loans and grants to major industries and small businesses, direct cash payments to taxpayers and significantly expands unemployment benefits.
The analysis that follows highlights relevant components of the CARES Act for county governments, including a section-by-section breakdown outlining items of significance for county policy priorities.