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In March, Congress signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, for $2 trillion in economic relief. With the ongoing events surrounding COVID-19, the Senate proposed a second stimulus package, the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act. This comes after the House of Representatives proposed a similar bill, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act in May but was ultimately declined by the Senate. Below outlines the comparisons and benefits offered by the three Acts.
Trump signed three memorada’s to extend the time to discuss stimulus package options. The House will be voting on the legislation soon, and the Senate is voting shortly after. Matthews™ is committed to keeping the CRE industry informed, please reach out to a Matthews™ specialized agent for more information.
