CARES Act (CARES Act) | American Bankers Association

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The Coronavirus Aid, Relief and Economic Security Act (the CARES Act) was signed into law on March 27, 2020. This legislation provides emergency relief for U.S. individuals and businesses that have been negatively impacted by COVID-19—with banks serving as the delivery mechanism for much of that relief.

Statutes

S.3548 - CARES Act

Staff Analysis

Coronavirus Response and Relief Supplemental Appropriations Act
December 21, 2020
ABA Executive Summary on Coronavirus Aid, Relief & Economic Security (CARES) Act
March 26, 2020

CARES Act Questions from the Hotline

My bank has seen an influx of loan payment deferral requests as a result of the coronavirus/COVID-19 pandemic. Did the CARES Act include an exemption for escrowing flood insurance premiums when offering deferral assistance?

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Policy Analysis & Advocacy Efforts

Letter to Congress & Regulators
Joint Consumer and Banking Trades Letter to the House and Senate: EIP Garnishment – American Rescue Plan
February 23, 2021
Staff Analysis
Coronavirus Response and Relief Supplemental Appropriations Act
December 21, 2020
Letter to Congress & Regulators
Joint ABA and State Banker Association Letter to HFSC and SBC: TDR Relief Extension
December 9, 2020
Letter to Congress & Regulators
ABA Letter to Chairs and Ranking Members of HFSC and SBC: CARES Act Extensions
November 17, 2020

News

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Related Training & Events

Understanding the Main Street Lending Program
Recorded Webinar
What Banks Need to Know About Treasury’s Economic Impact Payments
Recorded Webinar
What Banks Need to Know About the CARES Act
Recorded Webinar

ABA Resources

Agency Materials

Senate Guide to the CARES Act

In Depth

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