CARES Act Fraud Tracker

On March 29, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. It provides more than $2 trillion in economic relief to help Americans cope with the economic impact of the COVID-19 global pandemic. The Act originally authorized up to $349 billion in forgivable loans to small businesses through the Payroll Protection Program (PPP), and Congress later authorized $321 billion in additional PPP funding. Before the application period for PPP loans closed in August 2020, loan applicants had to satisfy various eligibility criteria. And even today, PPP loan recipients can continue to seek loan forgiveness by establishing their compliance with various rules, such as requirements that funding be used for payroll costs and other related business expenses. Additionally, the CARES Act has authorized other relief, such as the Economic Injury Disaster Loan (EIDL), Economic Impact Payments (EIP), Pandemic Unemployment Assistance (PUA), and Federal Pandemic Unemployment Compensation (FPUC). In the chart below, Arnold & Porter tracks criminal cases that the Department of Justice (DOJ) has brought to address CARES Act-related fraud. Visit our Coronavirus (COVID-19) Task Force page for additional resources.

Key Contacts

Jonathan E. Green
Partner & Co-Chair
Anti-Corruption

Kevin M. Toomey
Senior Associate
Financial Services

Michael Roig
Associate
Commercial Litigation

Last Updated November 23, 2020

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