What is the Coronavirus Relief Fund (CRF)?

On March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by the President of the United States in response to the coronavirus (COVID-19) pandemic. The CARES Act established the Coronavirus Relief Fund (CRF) through the U.S. Department of Treasury that provides $150 billion in direct assistance for states, tribal governments, units of local governments, D.C. and U.S. territories. This assistance is to help pay for unanticipated expenses related to the COVID-19 public health emergency.