Since the beginning of the coronavirus pandemic, there have been four pieces of legislation passed and signed into law.
• The Coronavirus Preparedness and Response Supplemental Appropriations Act
• The Families First Coronavirus Response Act
• The Coronavirus Aid, Relief and Economic Security (CARES) Act
• The Paycheck Protection Program and Health Care Enhancement Act
The U.S. Congress passed on March 27th a sweeping $2.3 trillion economic stimulus package (section-by-section) to bolster economic and health care relief to businesses and citizens impacted by the novel coronavirus (COVID-19).
The Coronavirus Aid, Relief and Economic Security (CARES) Act includes $100 billion for the Public Health and Social Services Emergency Fund (PHSSEF) that offers support to funds eligible providers for healthcare-related expenses or lost revenues associated with COVID-19.
On April 24th, the President signed into law legislation providing $484 billion to increase funding for the small business lending program,
support hospitals and expand testing during the coronavirus pandemic.
The legislation includes an additional $310 billion in funding for the Paycheck Protection Program (PPP), $60 billion of which is reserved for community banks and small lenders. There is also $75 billion for hospitals, $25 billion to support testing efforts, as well as $60 billion for emergency disaster loans and grants.
This fact sheet is offered to black women, who are also the nation’s business owners, employees, students and heads of households. While the information provided is generally available to the range of businesses and families in the U.S., we offer it as a one-stop shop for useful information that is part of national relief for COVID-19.
The document also shares meaningful health information to ensure that black women, their families and communities are adequately covered during this global pandemic.
The following list of resources is not exhaustive and serves as an introductory guide to understanding the resources available as the government battles this global pandemic. The fact sheet also includes a comprehensive section on education relief, which will be particularly helpful to students at Historically Black Colleges and Universities (HBCUs).