Press Releases

WASHINGTON –Congressman Troy Balderson (R-OH) voted today to pass the CARES Act, phase three of the 2019 Novel Coronavirus (COVID-19) relief package.

“This is a pivotal moment for our country, full of uncertainty and fear for the future. Ohioans are worried about their jobs, families, neighbors, and businesses. Their needs are my top priority,”said Balderson. “This package delivers necessary reassurance and relief and protects our country’s people through this public health and economic emergency. It’s a fitting symbol that we will make it through this crisis together.”

Highlight provisions from the package include:

• Financial relief to American families through a one-time tax rebate of $1,200 per person, with an extra $500 per child.
• Support for small businesses to stay afloat and keep employees on payroll through a paycheck protection program, along with funding for Small Business Administration (SBA) emergency grants and coverage of up to 6 months of loan payments.
• Full mobilization of America’s health care sector including $100 billion in direct funding to hospitals, special attention to rural health through significant telehealth expansion, and $16 billion for medical supplies and protective gear.
• Protection for America’s most vulnerable industries such as passenger airlines, cargo airlines, and businesses important to maintaining national security.
• Immediate dispatch of federal resources to state and local governments, totaling $340 billion, to protect the health and wellbeing of Americans.
• Stabilization of the American economy through $454 billion for loans, loan guarantees, and investments in support of the Federal Reserve’s lending facilities to eligible businesses, states, and municipalities.