COVID-19 federal response and policy outlook: what should corporate directors know?

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Considerations for corporate directors on the Coronavirus Aid, Relief, and Economic Security (CARES) Act

The COVID-19 pandemic has led to unprecedented actions by federal, state, and local government officials in responding to the ongoing public health emergency and the economic effects of the coronavirus. Federal legislation enacted in March 2020 alone provided nearly $3 trillion to support healthcare needs and to assist individuals, businesses, and state and local governments impacted by “social distancing” and other measures intended to contain the number of COVID-19 infections.

Additional tax relief and spending increases may be enacted over the course of 2020 as part of efforts to stabilize the US economy and promote economic recovery. The results of these efforts and the corresponding increases in federal budget deficits will likely affect the outlook for tax policy and the overall direction of US policy debates for years to come.

CARES Act corporate board considerations

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Paula Loop

Governance Insights Center Leader, PwC US

Paul DeNicola

Principal, Governance Insights Center, PwC US