JAG

27 March 2020

CARES Act to Inject Needed Relief for Small Businesses, U.S. Industries

In response to the U.S. Senate passage of the Coronavirus Aid, Relief and Economic Security (CARES) Act, International Association of Drilling Contractors (IADC) President Jason McFarland issued the following statement: "The COVID-19 pandemic, along with the collapse of worldwide oil markets and hardships across both the U.S. and global economies, has necessitated a government response that rises to the challenge of the crisis. Enactment of the CARES Act, expected on Friday, benefits the U.S. economy and the millions of Americans who work in the industries vital to this country’s success...