A Federal Contractor’s Five-Part Guide to the CARES Act
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. This massive $2.2 trillion economic package provides a host of opportunities and resources for all varieties of federal contractors—from those who need financial assistance through the coronavirus pandemic to those who can leverage their resources to assist the federal government in its response.
This five-part article discusses discrete portions of the CARES Act, how they might affect federal contractors, and what federal contractors can do to take advantages of the many programs and opportunities offered under the Act.
In particular, the first part discusses the expanded $349 billion loan program set aside for small businesses under the CARES Act.
The second part discusses Section 3610 of the CARES Act, which provides funds that federal agencies can use to alleviate disruptions to federal contractors caused by the coronavirus pandemic.
The next part discusses the wealth of grant programs available to federal contractors and other businesses under the CARES Act.
The fourth part discusses the billions of dollars in loans, loan guarantees, and other financial assistance available through the Department of Defense to defense industry contractors.
The final part of this article discusses new contracting authorities delegated under the CARES Act as well as sole source opportunities available under the Act.
To read the full article, please click here.
“A Federal Contractor’s Five-Part Guide to the CARES Act,” by Michael Joseph Montalbano, Michael J. Slattery, Tjasse L. Fritz, Adam Proujansky, and Albert B. Krachman was published in the June 2020 edition of Pratt’s Government Contracting Law Report (Vol. 6, No. 6), an A.S. Pratt Publication, LexisNexis. Reprinted with permission.
This article was first published in Blank Rome’s Government Contracts Navigator blog on March 31, 2020.