CARES Act: $150 Billion Appropriated for COVID-19 Relief to State and Local Governments

The Coronavirus Aid, Relief, and Economic Security (CARES) Act appropriated $150 billion toward COVID-19 relief for fiscal year 2020. The vast majority of the amount will go to the states, although $3 billion is reserved for distribution to the District of Columbia and U.S. territories, and $8 billion will go to Tribal governments. We give an overview of the timing and amounts of distribution, restrictions on fund use, and oversight and potential recoupment.