On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was enacted into law. The CARES Act is a $2 trillion stimulus package designed to help bolster the economy overall by providing aid to workers and businesses impacted by COVID-19 and to provide further support to the country’s health systems. Several provisions of the CARES Act impact compensation and benefits provided by employers to employees. See our post on Mayer Brown’s COVID-19 blog for a high level summary of some of the key provisions of the CARES Act that may impact employers.
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