Issue Brief 21-07
May 19, 2021

The American Rescue Plan (ARP) Act (P.L. 117-2) created the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF), which provide $350 billion to state, local, territorial, and tribal governments. The Department of the Treasury released a host of materials on May 10, 2021, including a fact sheet, FAQs, an interim final rule, and other materials on its dedicated web page.

This brief summarizes the Treasury materials.