The United States government announced a massive US$2 trillion dollar stimulus package - the CARES Act - to boost the economy reeling from cash-flow and labor force disruptions caused by COVID-19. The capital injection will be used to tide over the costs of small and large businesses, support state and local governments, fund hospitals and health centers, and provide direct cash transfers to individuals. The US Department of the Treasury has had to move quickly to write the regulations and start the implementation of the stimulus programs. What are the key features and goals of the CARES Act? What are the important roles that the Treasury must play in order to accomplish these goals?