Cares Act 2 Bill Passed

Cares Act 2 Bill Passed. Payroll protection program (ppp) this program originated during the cares act. That’s a major change from the first round of paycheck protection program loans passed under the cares act in march 2020.

The bill also increases access to food and nutrition support for both children and adults by waiving specific program requirements. (under the act, the treasury secretary is required to release funds to states within 30 days of the bill’s enactment.) On march 27, 2020, the coronavirus aid, relief and economic security (cares) act was signed into law, amounting to over $2 trillion in aid.

President donald trumps signs the $2 trillion coronavirus relief bill.

By brittany de lea foxbusiness. President donald trumps signs the $2 trillion coronavirus relief bill. (a) i n general.—except as provided in subparagraph (b), a program for which amounts are authorized to be appropriated under paragraph (2)(a) shall be subject to a limitation on obligations for fiscal year 2021 in the same amount and in the same manner as the limitation applicable with respect to the program for fiscal year 2020 under the department of transportation appropriations act, 2020. The cares act, the $2 trillion coronavirus emergency relief bill that serves as phase three of congress's coronavirus relief efforts, has passed the house of representatives.