[20200612]IN11422_《关怀法案》下的赔偿限制.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Restrictions on Compensation Under the CARES Act June 12, 2020 The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) was enacted to assist those affected by the economic impact of Coronavirus Disease 2019 (COVID-19). A key part of this assistance is provided to eligible businesses, states, and municipalities in Division A, Title IV of the act. Section 4003 allocates $500 billion to the Department of the Treasury (Treasury) to make loans or loan guarantees to certain industries and to support Federal Reserve lending facilities. Section 4112 allocates $32 billion to Treasury to provide financial assistance to the aviation industry for employee wages, salaries, and benefits. Some have characterized these provisions as a “bailout” of private industry; others assert they are necessary to avoid employment losses and maintain economic stability. For more information, see CRS Report R46329, Treasury and Federal Reserve Financial Assistance in Title IV of the CARES Act (P.L. 116-136), coordinated by Andrew P. Scott. Recipient firms of this financial assistance must meet a number of requi