US S3548

Bill

US S3548

CARES Act Coronavirus Aid, Relief, and Economic Security Act

Introduced
03/19/2020

In Committee
03/21/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. This bill addresses economic impacts of, and otherwise responds to, the COVID-19 (coronavirus) outbreak. The bill authorizes emergency loans to distressed businesses, including air carriers, and suspends certain aviation excise taxes. With respect to small businesses, the bill establishes, and provides funding for, forgivable bridge loans; and provides additional funding for grants and technical assistance. The bill also provides funding for $1,200 tax rebates to individuals, with additional $500 payments per qualifying child. The rebate begins phasing out when incomes exceed $75,000 (or $150,000 for joint filers). The bill establishes limits on requirements for employers to provide paid leave. With respect to taxes, the bill establishes special rules for certain tax-favored withdrawals from retirement plans; delays due dates for employer payroll taxes and estimated tax payments for corporations; and revises other provisions, including those related to losses, charitable deductions, and business interest. With respect to health care, the bill provides additional funding for the prevention, diagnosis, and treatment of COVID-19; limits liability for volunteer health care professionals; prioritizes Food and Drug Administration (FDA) review of certain drugs; allows emergency use of certain diagnostic tests that are not approved by the FDA; expands health-insurance coverage for diagnostic testing and requires coverage for preventative services and vaccines; revises other provisions, including those regarding the medical supply chain, the national stockpile, the health care workforce, the Healthy Start program, telehealth services, nutrition services, Medicare, and Medicaid. With respect to education, the bill temporarily suspends payments for federal student loans; and otherwise revises provisions related to campus-based aid, supplemental educational-opportunity grants, federal work-study, subsidized loans, Pell grants, and foreign institutions. The bill also authorizes the Department of the Treasury to temporarily guarantee money-market funds.

AI Summary

This bill, the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act, provides emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. It authorizes emergency loans to distressed businesses, including air carriers, and suspends certain aviation excise taxes. For small businesses, the bill establishes and provides funding for forgivable bridge loans, and provides additional funding for grants and technical assistance. The bill also provides funding for $1,200 tax rebates to individuals, with additional $500 payments per qualifying child. The rebate phases out when incomes exceed $75,000 (or $150,000 for joint filers). The bill establishes limits on requirements for employers to provide paid leave. It also includes provisions related to taxes, modifying rules for net operating losses, charitable deductions, and business interest. With respect to health care, the bill provides additional funding for prevention, diagnosis, and treatment of COVID-19, limits liability for volunteer health care professionals, and expands health insurance coverage for testing and preventive services. The bill also includes provisions related to education, temporarily suspending payments for federal student loans and revising provisions related to campus-based aid, supplemental educational opportunity grants, federal work-study, and Pell grants.

Committee Categories

Budget and Finance

Sponsors (7)

Mitch McConnell (R)*, Lamar Alexander (R), Mike Crapo (R), Chuck Grassley (R), Marco Rubio (R), Richard Shelby (R), Roger Wicker (R),

Last Action

Committee on Small Business and Entrepreneurship. Hearings held. (on 06/03/2020)

Official Document

https://www.congress.gov/bill/116th-congress/senate-bill/3548/all-info

(26 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/senate-bill/3548/all-info
BillText	https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf
Bill	https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1922	Restoring Access to Medication Act of 2019	Placed on the Union Calendar, Calendar No. 559.	Related
HR2985	To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.	Referred to the House Committee on Ways and Means.	Related
HR3708	Primary Care Enhancement Act of 2019	Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.	Related
HR4100	DISARM Act of 2019 Developing an Innovative Strategy for Antimicrobial Resistant Microorganisms Act of 2019	Referred to the Subcommittee on Health.	Related
HR4509	To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.	Referred to the House Committee on Ways and Means.	Related
HR4801	Healthy Start Reauthorization Act of 2019	Forwarded by Subcommittee to Full Committee by Voice Vote .	Related
HR4870	United States Public Health Service Modernization Act of 2019	Referred to the Subcommittee on Health.	Related
HR5443	Isaiah Baker and Margie Harris-Austin Act	Referred to the Subcommittee on Health.	Related
HR6282	Commission on America’s Medical Security Act	Referred to the House Committee on Energy and Commerce.	Related
HR6283	Good Samaritan Health Professionals Act of 2020	Referred to the Committee on Energy and Commerce, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6315	COVID–19 National Service Response Act	Referred to the House Committee on Education and Labor.	Related
HR748	Middle Class Health Benefits Tax Repeal Act of 2019	Committee on Small Business and Entrepreneurship. Hearings held.	Related
S2326	NOVEL Act of 2019 New Opportunities for Value that Extend Lives Act of 2019	Read twice and referred to the Committee on Finance.	Related
S2589	A bill to amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.	Read twice and referred to the Committee on Finance.	Related
S2619	Healthy Start Reauthorization Act of 2019 Heathy Start Reauthorization Act of 2019	Placed on Senate Legislative Calendar under General Orders. Calendar No. 288.	Related
S2629	United States Public Health Service Modernization Act of 2019	Referred to the Subcommittee on Health.	Related
S2999	Primary Care Enhancement Act of 2019	Read twice and referred to the Committee on Finance.	Related
S3220	Ensuring Access to Direct Support Professionals Act	Read twice and referred to the Committee on Finance.	Related
S3374	‘Protecting Jessica Grubb’s Legacy Act'	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S3437	Improving Care in Rural America Reauthorization Act of 2020	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S3438	Rural Delivery of Online Care Services Reauthorization Act of 2020 R–DOCS Reauthorization Act of 2020	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S3468	Preventing Essential Medical Device Shortages Act of 2020	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S3478	Commission on America’s Medical Security Act	Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S1743)	Related
S3505	Rapid Coverage for Coronavirus Vaccines Act	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S3535	Tax Filing Relief for America Act	Read twice and referred to the Committee on Finance. (text: CR S1834)	Related
S3539	Telehealth Expansion Act	Read twice and referred to the Committee on Finance.	Related

Bill > S3548

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (7)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary