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.