As the United States continues to suffer under the pandemic of COVID-19, its government has tried to ease the economic suffering by offering various forms of financial assistance to companies. Congress has passed a series of laws for this purpose, including the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The CARES Act and other relief bills have appropriated about $3 trillion for assistance to companies, with more likely to pass in June.
To date, most of the focus of corporate America has been figuring out how companies can qualify for assistance, whether as a small business, an airline, a national security business, a health care company, or one of the other categories created by the relief laws. However, as companies receive these funds, attention is now turning to the oversight and enforcement that is already beginning and will vastly increase over the coming months.
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