This is not a crisis caused by a specific industry or weak economy. This is a voluntary shutdown of our economy in order to save lives. As a result, our government needs to support the families and businesses that are directly feeling the pain of this national emergency. The CARES Act will buy the needed resources for our hospitals and healthcare providers to safely care for the sick, ensure that hardworking Americans receive income and increased unemployment benefits during the crisis, extend emergency loans to small businesses which are forgivable for retaining their employees during this crisis, and establish a stabilization fund for other stressed businesses and to maintain liquidity in our economy. This bill is not perfect, but it is a necessary response to an unprecedented crisis. With these policies, coupled with the efforts of the private sector and the American people, we will defeat the virus and be ready for what will truly be a great American comeback.
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