What You Need to Know About the Federal CARES Act
On Friday March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) became law, providing two trillion dollars in relief to aid both employees and employers during the ongoing COVID-19 crisis. The CARES Act is a comprehensive economic relief package that will provide, among many other things, low interest and/or forgivable loans to businesses and significant increases in availability of unemployment benefits for workers affected by COVID-19. The key provisions for employers and employees are detailed herein.
Families First Coronavirus Response Act Clarified, United States Department of Labor Guidance
As Tocci & Lee clients are aware the “Families First Coronavirus Response Act” (FFCRA) was signed into law on March 19. The FFCRA was designed to take effect on April 2 but the United States Department of Labor (the “DOL”) subsequently issued guidance designating the effective date as April 1. The FFCRA expires on December 31, 2020. The following guidance simplifies previous Employment Law Alerts and incorporates DOL clarifications of the Act. The DOL has published comprehensive Questions and Answers for employers and employees which can be accessed at:https://www.dol.gov/agencies/whd/pandemic/ffcra-questions