The EESA also temporarily raises the limit on the deposit insurance coverage provided by the Federal Deposit Insurance Corporation (FDIC) from $ to $ per depositor and temporarily fully covers non-interest-bearing transactions accounts, such as payroll accounts. As you know, this latter action was aimed particularly at helping small businesses.
In response to weakening macroeconomic activity and the increased downside risks to economic growth and employment implied by the recent escalation in financial market stress (along with diminished upside risks to inflation), the Federal Open Market Committee (FOMC), in a coordinated effort with other central banks, lowered the target federal funds rate 50 basis points to 1-1/2 percent on October 8.