Federal Legislative Activity Affecting the Mattress Industry - UPDATE

CARES Act: As ISPA previously reported, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which should benefit many ISPA members, moved quickly through Congress last week. Unanimously passing the Senate on Wednesday, it then passed the House and was signed into law by the President on Friday. The Act includes roughly $2 trillion in an array of benefits, including small business loans, expanded unemployment benefits, direct cash to Americans, hospital aid and aid for corporations struggling due to the COVID-19 outbreak. ISPA will monitor and report on the process for implementing the small business loans authorized by CARES.