We've created a summary of the relevant provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed Friday by the House. The act makes mall businesses with 500 or fewer employees eligible for emergency grants and a forgivable loan program. There are also changes to rules for expenses and deductions meant to make it easier for small businesses to keep employees on the payroll and open for business. The legislation helps small business pharmacies' employees as well, which is important as they are serving on the front lines of care during this pandemic. Karry La Violette, NCPA's senior vice president of government affairs, sent a letter to House leaders Nancy Pelosi (D-Calif.) and Kevin McCarthy (R-Calif.) late Thursday urging quick passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on behalf of community pharmacists. Read La Violette's letter here.
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