Budget Brief 20-13
March 31, 2020
Summary 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136), signed into law on March 27, is the third bill to respond to the COVID-19 pandemic. With a price tag estimated at more than $2 trillion, it provides widespread assistance to individuals, corporations, and state and local governments.

FFIS Budget Brief 20-11 summarized the law’s $150 billion Coronavirus Relief Fund (CRF) and Budget Brief 20-12 provided national total funding for selected state programs.

This brief provides state allocations and estimates for dozens of grant programs. In addition to the CARES Act, it includes funding provided in the Families First Coronavirus Response Act (P.L. 116-127) and the Coronavirus Preparedness and Response Act (P.L. 116-123). The brief also provides supplementary information for certain estimates. A forthcoming brief will summarize CARES Act provisions of importance to states.