• Provides economic stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic.

• Creates a federally-funded loan program for small businesses, including 501(c)(3) non-profits and physician practices. The Act establishes a loan forgiveness process intended to incentivize companies to retain employees.

• Allocates $454 billion in federal financial assistance to support businesses, states, and municipalities.

• Provides the Secretary of the Treasury with the authority to make loans or loan guarantees to states, municipalities, and eligible businesses and loosens a variety of regulations prior legislation imposed through the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Economic Stabilization Act of 2008, and others.

• Directs economic stimulus payments of $1,200 to Americans making $75,000 or less ($150,000 in the case of joint returns and $112,500 for head of household) and $500 for each child, to be paid “as rapidly as possible,” and provides to tax year 2020 tax credits.

• Expands eligibility for unemployment insurance and provides people with an additional $600 per week on top of the unemployment amount determined by each state.

• Allocates financial assistance to the medical and hospital industries for medical supplies and drug and device shortages.

• Expands telehealth services in Medicare and High Deductible Health Plans, including services unrelated to COVID-19 treatments.

• Expands the Defense Production Act to allow for a period of two years when the government may correct any shortfall in resources without regard to the current expenditure limit of $50 million.

• Makes supplemental appropriations to help the government respond to this pandemic.