Today, President Trump signed Phase 3 of a series of bills responsive to the COVID-19 crisis. This phase, HR 784, known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)—expands upon the prior relief by providing greater assistance to individuals, small businesses, state and local governments, tribal governments, and key industries impacted by COVID-19 (e.g., hospitals and airlines). It is unprecedented in size as well as scope and seeks to flood the economy with capital during this ever-evolving public health crisis.
This legislation is merely one piece of the regulatory, legislative, and other governmental developments being issued in response to the ongoing COVID-19 pandemic, all of which are moving rapidly at the federal, state, and local level and remain fluid. Barclay Damon has therefore assembled a team of practitioners across disciplines to track these developments and provide advice and counsel on what they mean to our clients.
Barclay Damon’s attorneys are actively assessing COVID-19 related regulatory, legislative, and other governmental developments and are prepared to assist clients in determining what each one means. We have set up a special page on our website where you can learn more about our team and access key legal alerts concerning COVID-19 developments.
If you have any questions regarding the content of this alert, please contact Yvonne Hennessey, partner, at yhennessey@barclaydamon.com, or any member of the firm’s COVID-19 Response Team at COVID-19ResponseTeam@barclaydamon.com.