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CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, a law passed in March 2020 to provide economic relief in response to the COVID-19 pandemic.

Rescind

To formally cancel or revoke a law, agreement, or appropriation of funds, effectively taking back money that was previously allocated but not yet spent.

Unobligated balances

Money that has been set aside or appropriated by Congress for a specific purpose but has not yet been legally committed or spent by the government agency or program it was intended for.

Pandemic Unemployment Assistance (PUA)

An emergency federal program created by the CARES Act to provide unemployment benefits to workers who were not typically eligible for regular state unemployment, such as self-employed individuals, gig workers, and those who exhausted other benefits.

Federal Pandemic Unemployment Compensation (FPUC)

An emergency federal program created by the CARES Act that provided an additional fixed weekly payment on top of regular state unemployment benefits during the pandemic.

Pandemic Emergency Unemployment Compensation (PEUC)

An emergency federal program created by the CARES Act that provided additional weeks of unemployment benefits to individuals who had exhausted their regular state unemployment benefits.