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COVID-19 for Large Businesses

LARGE BUSINESSES

CARES Act:  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides the following relief for large businesses:

  • The CARES Act allocates $500 billion to provide loans, loan guarantees, and other investments, overseen by a Treasury Department inspector general.
  • About 10% of this overall amount is allocated to airlines.
  • Recipients of these loans will be subject to stock buybacks restrictions and limitations on executive bonuses.

 

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