1、 https:/crsreports.congress.gov April 9, 2020The CARES Act: Implications for TribesCongresss third legislative response to the COVID-19 outbreakthe Coronavirus Aid, Relief, and Economic Security (CARES) Actbecame P.L. 116-136 on March 27, 2020. Much of the CARES Acts aid and relief is available to,
2、or will otherwise affect, federally recognized Indian tribes or tribal business entities. This In Focus discusses the provisions that most directly implicate tribes and tribal interests, though the agencies responsible for enacting these provisions will likely issue additional guidance and interpret
3、ation in the days ahead. Financial Assistance to Tribes and Tribal Business Entities Direct Assistance to Small Businesses. Section 1102 of the CARES Act sets up a Paycheck Protection Program within the Small Business Administrations (SBAs) existing 7(a) loan program. This authorizes $349 billion in
4、 loans to all eligible small businesses, 501(c)(3) nonprofit organizations, veterans organizations, sole proprietors, and independent contractors, including “Tribal business concerns.” Generally, tribal business concerns with 500 or fewer employees may be eligible for these loans, which do not requi
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