CARES Act
Government & Politics abbreviation · US Law
| Stands for | Coronavirus Aid, Relief, and Economic Security Act |
|---|---|
| Categories | Government & Politics |
CARES Act stands for Coronavirus Aid, Relief, and Economic Security Act, a US law abbreviation.
Economic relief law of about $2.2 trillion enacted in March 2020 in response to the COVID-19 pandemic. It sent $1,200 payments to most adults, expanded unemployment benefits by $600 a week, created the Paycheck Protection Program and funded hospitals, airlines and state governments.
Example: Her first stimulus check arrived in April under the CARES Act.
Usage notes
President Donald Trump signed it on March 27, 2020, after near-unanimous votes in Congress; it was the largest economic relief package in US history at the time. Its unemployment programs extended benefits to gig workers and the self-employed. Later relief laws in December 2020 and March 2021 added more payments.
Related abbreviations
More US law abbreviations
- BCA – Budget Control Act of 2011
- BCRA – Bipartisan Campaign Reform Act
- BSA – Bank Secrecy Act
- C.F.R. – Code of Federal Regulations
- CAA – Clean Air Act
- CAN-SPAM – Controlling the Assault of Non-Solicited Pornography And Marketing Act
- CDA – Communications Decency Act
- CERCLA – Comprehensive Environmental Response, Compensation, and Liability Act
- CFAA – Computer Fraud and Abuse Act
- CHIPS Act – CHIPS and Science Act
- COBRA – Consolidated Omnibus Budget Reconciliation Act
- COPPA – Children's Online Privacy Protection Act