CARES Act: Economic Stabilization and Assistance to Severely Distressed Industries

By Lyle Wallace, Jeff Kesselman, and Kenneth Siegel

Title IV of the Coronavirus Aid, Relief, and Economic Stability Act (CARES Act), which was enacted into law on March 27, 2020, provides $500 billion to the U.S. Treasury’s Exchange Stabilization Fund to provide liquidity in the form of loans, loan guarantees, and investments in the Federal Reserve to support eligible businesses in certain industries and states and municipalities.

Read the full advisory HERE.