Understanding the Economic Outcomes of COVID-19 & the Stimulus Package for Black America

(Black PR Wire) Washington, D.C. -- The Congressional Black Caucus Foundation (CBCF) will host a "Policy for the People Virtual Brain Trust." The key topic for this second installment is "Understanding the Economic Outcomes of COVID-19 and the Stimulus Package for Black America."  This event is presented by Prudential, and we invite you to join Congresswoman Terri Sewell, the Brookings Institution and others for the event. It takes place on Thursday, April 30, 2020 from 12:00PM – 1:30PM EST.

The session willalso feature:  

Rep. Terri Sewell, Vice Chair, House Ways and Means Committee – U.S. House of Representatives

Dr. Darrick Hamilton, Executive Director, The Kirwan Institute for the Study of Race and Ethnicity –The Ohio State University

Salene Hitchcock-Gear, President – Prudential Individual Life Insurance and Prudential Advisors

Dr. Julianne Malveaux, President and Founder – Economic Education

Dr. Andre M. Perry, Fellow, Metropolitan Policy Program – Brookings Institution

Dr. Menna Demessie, Vice President, Policy Analysis and Research – CBCF (moderator)

On March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion stimulus bill—the largest emergency relief aid package passed in U.S. history.

While the legislation provides direct cash transfers to assist workers; significant increases in unemployment insurance benefits; $500 billion in lending program assistance for businesses; and zero interest loans for small businesses employing fewer than 500 people, among other benefits, the economic impact on the Black community will be devastatingly reminiscent of the disproportionate recovery provided during the Great Recession.

Join us for an important conversation about the economic realities currently facing African Americans and their families, and what they need to do to best take advantage of the CARES Act.