INDUSTRY U P DAT E S
BY
T H E
N U MBERS
The original $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act of 2020 was passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020 in response to the economic fallout of the COVID-19 pandemic. Here’s a breakdown of how the money was allocated to be spent.
U NEM PLOY M E N T BE N E F ITS
O NE -TIM E C H E C KS
$268 BILLION
$293 BILLION
$600 PER WEEK
$1,200/ADULT & $500/CHILD
BOOSTED ALL UNEMPLOYMENT BENEFITS BY
PROVIDED TAX REBATES OF
SMAL L B U S I NE S S AS S I STANC E
$377 BILLION FOR SMALL BUSINESS LOANS AND GRANTS
LAR G E BUS IN E S S E S & G OVE R NME N T AS S ISTA N C E
$510 BILLION FOR AIRLINES, NATIONAL SECURITY & GOVERNMENT ENTITIES
E DUCATIO N S P E NDIN G
$40 BILLION FOR SCHOOL DISTRICTS, HIGHER EDUCATION AND STUDENT AID
I NC REASE HE ALT H-RE LAT E D S P E NDI NG
$153 BILLION 40
•
SPRING 2021
FOR HOSPITALS AND PUBLIC HEALTH
