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Summary of CARES Act Provisions (Submitted by STIFEL)

Stifel – CARES Act – Summary Information 3-30-2020 (002)

State and local governments across the nation have provided a myriad of responses to the spread of COVID-19 and continue to face tremendous challenges. The $2 trillion CARES Act was signed into law by President Trump on Friday, March 27, 2020. It builds upon various actions already taken by the federal government, including emergency actions by the Federal Reserve, and seeks to address numerous dislocations at the individual, corporate, and state and local levels across the country. Below, we summarize these as well our views on emerging opportunities to serve our clients.