Transportation Industry Receives Billions in COVID-19 Financial Assistance in December Relief Bill

On December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (CAA), signed by President Trump on December 27, 2020, which provides more than $45 billion in critical financial assistance to the transportation industry, one of the industries most distressed by the COVID-19 pandemic. Similar to the CARES Act, the stimulus bill passed earlier in 2020, financial assistance in the CAA comes in the form of grants that are available until expended, with varying stipulations and assurances from the federal government attached. The primary beneficiaries under the CAA include airlines, public transit agencies and transportation service providers.

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