U.S. Senator Mike Braun has released a number of resource guides regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act that will help Hoosiers navigate through the coronavirus.
Braun
“My staff and I are here to help Hoosiers, and these guides will help small-business owners, non-profit organizations, veterans, students and employees across the state navigate the federal response to the coronavirus,” Braun said. “Again, it’s very important for Hoosiers to wash their hands, limit their time in public, help their neighbors, and together we will defeat the coronavirus.”
Affected Business and Employee Resource Guide
The resources contained within this document are a culmination of state and federal efforts to combat the economic crisis created by the public health battle being waged against the novel coronavirus. For help on any issues related to COVID-19 please email CoronavirusHelp@braun.senate.gov. Click here to read more.
Support for Non-Profit Organizations
The CARES Act provides non-profit organizations assistance during the COVID-19 pandemic primarily in two ways: Provides support to certain nonprofit employers, and incentivizes charitable contributions. Click here to read more.
Paycheck Protection Program
The CARES Act creates a Paycheck Protection Program for small employers, self-employed individuals, and “gig economy” workers, appropriating nearly $350 billion to mitigate challenges caused by the COVID-19 pandemic. Click here to read more.
Defense-Related Provisions
The CARES Act includes $10.5 billion for the Department of Defense to support the military’s response to the coronavirus and ensure we protect U.S. forces during this vulnerable time. Click here to read more.
Direct Support Payments to Americans
Who is eligible for a recovery rebate? All U.S. residents with adjusted gross income under $75,000 ($112,500 for head of household and $150,000 married), who are not the dependent of another taxpayer and have a work-eligible Social Security Number, are eligible for the full $1,200 ($2,400 married) rebate. They are also eligible for an additional $500 per child. A typical family of four is eligible for a $3,400 recovery rebate. Click here to read more.
Education-Related Provisions
Stipulates that borrowers will not accumulate interest on student loans for three months, and do not have to make payments on those loans. Click here to read more.
Health Care Systems, Treatments & Vaccines
Coronavirus Preparedness and Response Supplemental Appropriations Act (Phase 1): On March 6, 2020, President Trump signed into law an $8.3 billion in emergency funding to combat COVID-19. The package provides critical funding to the Centers for Disease Control (CDC) in response to COVID-19, as well as funding to help develop vaccines and treatments for COVID-19, enable the Strategic National Stockpile (SNS) to procure personal protective equipment (PPE), ventilators and other medical supplies; and give states the boost in the resources needed to combat the virus. Click here to read more.
Provisions related to Veterans
The Department of Veterans’ Affairs (VA) is receiving $19.6 billion through the CARES Act. The VA serves as a backup health system in times of crisis – often referred to as the VA’s fourth mission. These funds will help ensure continuity of service to veterans, including homeless and low-income veterans, and prepare for the possibility of being activated for fourth mission. Click here to read more.