P.L. 116-23

P.L. 116-23, also known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is a law passed in March 2020 to respond to the economic impact of the COVID-19 pandemic. It provides financial assistance to individuals, businesses, and healthcare providers, including stimulus checks to Americans, expanded unemployment benefits, and loans for small businesses. The goal is to stabilize the economy, support those affected by the pandemic, and ensure healthcare systems have resources to manage COVID-19. It represents a significant government effort to mitigate the pandemic’s economic and health crises.