### Question
How does CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT) define applicable period?


### Answer
Under *15 U.S.C. § 9051*, **applicable period** is defined as:

> the period beginning on March 1, 2020 and ending on the earlier of January 1, 2022, or the date that is 60 days after the date on which the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates

#### Citation:
  - *15 U.S.C. § 9051*
  - Heading: **CHAPTER 116-CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT) > SUBCHAPTER III-ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY > Part A-Coronavirus Economic Stabilization**

