Trump selected the recipients of the CARES Act grants for businesses.

There is no evidence that Trump was involved in the selection of the recipients of the CARES Act.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law in response to the damage caused by the 2019 novel coronavirus pandemic. The bipartisan legislation was approved by Congress to provide relief to small businesses and assistance and keep people engaged in the economy. It was the most extensive economic stimulus package in U.S. history, providing $1.8 trillion in direct aid to individuals and businesses.

After months of withholding information, the Treasury Department released the list of beneficiaries who received money as part of the program. Some businesses were connected to prominent donors of the Republican party and who supported Trump's election efforts. However, there is nothing to suggest that the companies received favorable treatment as a result of their ties to Trump, and it will be an oversimplification of their connection, considering that 658,000 small businesses received the taxpayer-funded loans.

Reference links

Department of Treasury

neutral

Associated Press

neutral

Fox Business

neutral

Have a question or correction?

Please tell us if you think this claim had been misjudged or requires correction by sending us evidence to support your error claim. We will revisit our evidence and verdict and do some additional research to double check if we can verify the new information

Fact Check of the Day

false

The BBC censored the crowd booing Boris Johnson at the Queen’s Platinum Jubilee celebrations.