1 An appropriation warrant is issued following the passage of a law reflecting the individual amounts appropriated by Congress, by appropriation symbol, on the books of the U. S. Treasury. These warrants provide agencies the authority to then obligate and outlay, or spend funds. More information on the appropriations process can be found here: https://tfm.fiscal.treasury.gov/v1/p2/c200.html
2 https://www.whitehouse.gov/omb/supplemental-materials/
3 CBO report: https://www.cbo.gov/system/files/2020-06/56403-CBO-covid-legislation.pdf
4 https://www.cbo.gov/system/files/2020-04/HR6201.pdf
5 https://www.cbo.gov/system/files/2020-04/hr748.pdf
6 Estimate value of direct and indirect loans for these two Treasury programs was generated using the CBO’s analysis of the CARES Act: https://www.cbo.gov/system/files/2020-04/hr748.pdf
7 Estimated value of total potential EIDL direct loans estimated using the FY 2020 credit subsidy rate for the program https://www.govinfo.gov/content/pkg/BUDGET-2020-FCS/pdf/BUDGET-2020-FCS.pdf
8 Total potential value of loan guarantees to be made available in the PPP program was provided by the Small Business Administration.
9 See Federal Reserve statements: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm, and term sheets for the Main Street Lending Program term sheet: https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20200608a1.pdf and Term Asset-Backed Securities Loan Facility:https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20200512a1.pdf
10 https://home.treasury.gov/policy-issues/cares/preserving-jobs-for-american-industry/payroll-support-program-payments
11 https://home.treasury.gov/policy-issues/cares/preserving-jobs-for-american-industry/loans-to-air-carriers-eligible-businesses-and-national-security-businesses
12 https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans
13 https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
14 https://www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm
15Data on loans disbursed by USDA’s Rural Development Business and Industry CARES Act Program can be accessed using USAspending’s COVID-19 Advanced Search Filter: https://www.usaspending.gov/#/search/5d9262dee1d2962a1760f28b16945333
16 OMB Guidance on reporting requirements and DEFC values provided for the four laws are provided in OMB M20-21: https://www.whitehouse.gov/wp-content/uploads/2020/04/Implementation-Guidance-for-Supplemental-Funding-Provided-in-Response.pdf
17 Values were calculated according to the USSGL Supplement of the Treasury Financial Manual - Section V: Crosswalks to Standard External Reports for FY 2020 GTAS Reporting, SF 133: Report on Budget Execution and Budgetary Resources & Schedule P Budget Program and Financing Schedule. https://tfm.fiscal.treasury.gov/content/dam/tfm/v1/supplements/ussgl/ussgl_part_1/sec5/sec5_sf133_schp_2020.xlsx
18 GTAS data is collected monthly and agencies report data for all transactions occurring through the end of the prior month. The GTAS reporting schedule can be found here: https://fiscal.treasury.gov/files/gtas/fy-2020-reporting-window-schedule.pdf
19 Detailed instructions on how agencies should be classified is provided here: https://github.com/fedspendingtransparency/data-act-broker-backend/blob/development/FileLogic.md.The list of shared agencies identified by FREC can be found here: https://github.com/fedspendingtransparency/data-act-broker-backend/tree/development/dataactbroker
For a complete download of the data, download this file: COVID-19 Response Data