Coronavirus Aid Relief and Economic Security Act

APTA: CARES Act Provides $25 Billion, With Conditions

President Trump on March 27 signed H.R. 748, the Coronavirus Aid, Relief and Economic Security (CARES) Act (or Title XII of Division B), into law, following swift passage in the House of Representatives by voice vote, and one day after the U.S. Senate passed the bill in a unanimous 96-0 vote. The CARES Act is a $2 trillion stimulus package that addresses the devastating economic and societal impacts of the COVID-19 pandemic. It includes many funding measures that directly benefit the railway industry—all modes, freight and passenger. In the bill is approximately $25 billion for public transportation. Distribution of the funds is rather complex, and APTA (American Public Transportation Association), which took the lead in working with Congress on the bill’s transit provisions, provided an explanation to its members.

UPDATED MARCH 27: Stimulus Bill—Signed Into Law—CARES For Rail

President Trump on March 27 signed H.R. 748, the Coronavirus Aid, Relief and Economic Security (CARES) Act, into law, following swift passage in the House of Representatives by voice vote, and one day after the U.S. Senate passed the bill in a unanimous 96-0 vote. The CARES Act is a $2 trillion stimulus package that addresses the devastating economic and societal impacts of the COVID-19 pandemic. It includes many funding measures that directly benefit the railway industry—all modes, freight and passenger.