The CARES Act: A Retrospective One Year Later
On March 27, 2020, after significant input and backing by the Recording Academy and other organizations, Congress intervened to bolster a cratering economy by passing the bipartisan and bicameral Coronavirus Aid, Relief, and Economic Security (CARES) Act. A $2 trillion stimulus package, the CARES Act was designed to temporarily stabilize the economy and safeguard ties between workers and their employers, including…