Congress passes CARES Act
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2. 2 trillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
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The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2. 2 trillion economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America, $260 billion in increased unemployment benefits, the creation of the…
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Factrail. (2026). Congress passes CARES Act. Factrail. https://factrail.ai/facts/congress-passes-cares-act-2020
https://factrail.ai/facts/congress-passes-cares-act-2020
Accessed 16 October 2026.
By the Factrail desk · Method: how we source and score · Last reviewed
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