The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit (Employee Retention Credit).

One Hundred Sixteenth Congress of the United States of America AT THE SECOND SESSION - Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty

One Hundred Sixteenth Congress of the United States of America AT THE SECOND SESSION - Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty.

WAGE AND HOUR DIVISION UNITED STATES DEPARTMENT OF LABOR