McAllister & Quinn’s Summary of the American Rescue Plan Act of 2021 signed into law by President Biden on March 11

President Biden signed the American Rescue Plan Act (ARPA) (Public Law 117-2 (H.R. 1319)) into law on March 11, authorizing an approximately $1.9 trillion emergency stimulus bill to address the economic and health impacts of the COVID-19 pandemic. The bill provides discretionary funds for hospitals, institutions of higher education, nonprofit organizations, Native American tribes, small businesses, and others. This memo provides an overview of funding opportunities available to various institutions in the American Rescue Plan Act.