Congress Passes the CARES Act

On the afternoon of Friday, March 27, the U.S. House of Representatives voted to pass the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was passed by the U.S. Senate on Wednesday, March 25. The CARES Act — a $2.2 trillion stimulus package aimed at limiting the economic fallout from COVID-19 — makes sweeping changes to the unemployment compensation system and provides payroll tax relief, both in the form of deferrals and refundable credits, to certain employers.

As the House did not make any changes to the CARES Act, the discussion of these programs our blog post from Wednesday is still current. The CARES Act is expected to be signed into law by the President in the near future.

As this situation progresses, we will continue to keep employers and human resources professionals updated on all key developments related to COVID-19 and its impact on the workplace. Please be sure to subscribe to our blog and follow us on social media so that you can receive timely updates and analysis on the issues you need to know about. For questions about this or any other labor and employment matter, please do not hesitate to contact the attorneys at Hoffman & Hlavac.