Comparing the CARES Act with the HEROES and HEALS Acts

Author's Notes: The information presented below regarding the HEALS and HEROES Acts are accurate as of publication time (8pm PST on 8/5/2020). I do not plan to update this post once the House and Senate agree on and pass a compromise bill, but might discuss in-depth whichever final bill becomes law. 

     8/9/2020 UPDATE: Per a significant announcement presented today, I corrected a significant mistake with the information originally presented below. On the original version, I stated that the Economic Impact Payments (or "stimulus checks") were monthly payments, whereas in reality, they are one-time payments. If you are reading this, the information presented below is corrected from the original version. As stated on the linked announcement, I take full responsibility for, and apologize for the mistake I made here.