UPDATE: As a follow-up to our below post from earlier today, the Senate has now released summaries of Division A and Division B of the CARES Act, the third coronavirus relief package that was agreed upon in the Senate earlier this morning. Links to the summaries of Division A and Division B are below. The Jones Walker COVID-19 team will provide further updates and summaries on the key provisions in the CARES Act in the near future.
ORIGINAL: After much negotiation, the United States Senate has reached agreement on a bipartisan coronavirus stimulus bill that is designed to provide substantial, immediate relief to American families and businesses that have been victimized by the coronavirus pandemic. Links to what we understand to be the final text of the legislation proposed by the Senate are below. We will forward a Senate summary of the legislation when it is made available. The Senate is expected to begin consideration of this bill today and a final vote on the bill is expected soon. If approved by the Senate, the bill will be sent over to the House where we anticipate it will be addressed on an expedited basis. The Jones Walker COVID-19 team will provide further updates and summaries on the key provisions in this bill in the near future.