FAQ?
What is the CARES Act and when was it signed?
The act was passed by the U.S. Congress and signed into law by President Trump on Dec. 27, 2020, as part of the Consolidated Appropriations Act (CAA), 2021. Also, individuals were able to collect unemployment benefits for an additional 24 weeks (versus the original 13 weeks under the CARES Act). 14
What is the CARES Act of 2020?
Michael J Boyle Updated May 24, 2021 In March 2020, U.S. lawmakers agreed to pass a $2 trillion stimulus bill called the CARES (Coronavirus Aid, Relief, and Economic Security) Act to blunt the impact of an economic downturn set in motion by the global coronavirus pandemic. 1 On March 27, 2020, President Trump signed the bill into law.
Why did the White House announce the ACA extension?
The White House said the numbers reinforce the need to strengthen the ACA. States were anticipating a big problem as COVID-19 wrought havoc with employment. But the disaster didn't come. The extension allows people to take advantage of new savings under the recent COVID-19 relief bill.
