[77], In February 2015, the CBO released its final analysis of the results of the law, which found that during six years:[81], A May 21, 2009, article in The Washington Post stated, "To build support for the stimulus package, President Obama vowed unprecedented transparency, a big part of which, he said, would be allowing taxpayers to track money to the street level on Recovery.gov..." But three months after the bill was signed, Recovery.gov offers little beyond news releases, general breakdowns of spending, and acronym-laden spreadsheets and timelines." Form used to request construction procurement or related services from the GSFIC. [11] The graph showed that if ARRA was not enacted the unemployment rate would exceed 9%; but if ARRA was enacted it would never exceed 8%. This is the complete full text of the American Recovery and Reinvestment Act of 2009 as it was signed by President Barack Obama. A detailed and enlightening read. [112] As of December 2012, 58.6% of Americans are employed.[113][114]. This report discusses the economic impact of the transportation infrastructure funding in ARRA. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Found insideDrawing on more than two hundred interviews and nationwide field research, Governing under Stress examines a range of ARRA stimulus programs to analyze the fraught politics, complex implementation, and impact of the legislation. The American Recovery and Reinvestment Act of 2009 (sometimes called the "Recovery Act" or the "stimulus") established a framework for reporting on the use of funding that was awarded as part of the Federal stimulus package. Press reports suggesting that the Recovery Act spent $1.191 million to buy "2 pounds of ham" are wrong. DOI: 10.1056/NEJMp0900665. [35][36] On February 13, the Report passed the House, 246–183, largely along party lines with all 246 Yes votes given by Democrats and the Nay vote split between 176 Republicans and 7 Democrats.[37][38]. House – Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. The legislation's numer-ous spending and revenue prov isions can be grouped into several categories according to their focus: This was followed by respectable growth over the next four quarters. [22] Specter switched to the Democratic Party later in the year. [77] In the long term, the CBO expects the legislation to reduce output slightly by increasing the nation's debt and crowding out private investment, but noted that other factors, such as improvements to roads and highways and increased spending for basic research and education may offset the decrease in output and that crowding out was not an issue in the short term because private investment was already decreasing in response to decreased demand. The legislation was a Keynesian attempt to lift the . House – Similar aid to states and school districts; $21 billion for school modernization; $16 billion to boost the maximum Pell Grant by $500 to $5,350; $2 billion for Head Start. Developed in response to the Great Recession, the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible. Nevertheless, in the third quarter of 2011, the CBO estimated that the Act had increased the number of full-time equivalent jobs by 0.5 million to 3.3 million. The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. [77] The impact to employment would be an increase of 0.8 million to 2.3 million by the end of 2009, an increase of 1.2 million to 3.6 million by the end of 2010, an increase of 0.6 million to 1.9 million by the end of 2011, and declining increases in subsequent years as the U.S. labor market reaches nearly full employment, but never negative. "[94] The CBO's report on the first quarter of 2010 showed a continued positive effect, with an employment gain in that quarter of up to 2.8 million and a GDP boost of up to 4.2 percent. When the American Recovery and Reinvestment Act of 2009 passed it included $19.2 billion for health information technology allocated to help hospitals and physicians' offices for implementation . News stories circulated about Recovery.gov reporting fund distribution to congressional districts that did not exist.[83][84]. [20] On February 10, the Senate voted 61–37 (with one not voting)[21] In late 2011, Devaney and his fellow inspectors general on RATB, and more who were not, were credited with avoiding any major scandals in the administration of the Act, in the eyes of one Washington observer. Republicans proposed several amendments to the bill directed at increasing the share of tax cuts and downsizing spending as well as decreasing the overall price. On Feb. 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (Recovery Act), a critical measure to stimulate the economy. [92] The CBO estimated according to its model 2.1 million jobs saved in the last quarter of 2009, boosting the economy by up to 3.5 percent and lowering the unemployment rate by up to 2.1 percent. The objective of this audit was to highlight key DoT oversight challenges -- based on prior OIG reports and other agencies¿ relevant audit work -- and identify actions DoT should take now in support of ARRA requirements. Charts and tables. American Recovery and Reinvestment Act of 2009: hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Eleventh Congress, second session ... March 4, 2010. Senate – $46 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $11.5 billion for mass transit and rail projects; $4.6 billion for the Army Corps of Engineers; $5 billion for public housing improvements; $6.4 billion for clean and drinking water projects. 4  That would boost demand and instill confidence. [6] Most economists have argued that the stimulus was smaller than needed. 111-5). Senate – $40 billion for energy efficiency and renewable energy programs, including $2.9 billion to weatherize modest-income homes; $4.6 billion for fossil fuel research and development; $6.4 billion to clean up nuclear weapons production sites; $11 billion toward a smart electricity grid to reduce waste; $8.5 billion to subsidize loans for renewable energy projects; and $2 billion for advanced battery systems. [13] A significant difference between the House version and the Senate version was the inclusion of a one-year extension of revisions to the alternative minimum tax, which added $70 billion to the bill's total. $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. The Governor is "Required" to spend $45 billion of the money on education to restore funding to 2008 levels but the mechanisms to enforce state maintenance of effort at 2005–06 levels are complex and potentially impossible to implement. The American Recovery and Reinvestment Act of 2009 provides the Department of Veterans Affairs funding of $1,408,200,000 to improve its medical facilities and national cemeteries, provide grants to assist States in acquiring or constructing State nursing home and domiciliary facilities and to remodel, modify, or alter existing facilities in . "[86], As of 2016, the servers for recovery.gov have been shut down and the site is unavailable. House – $47 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $12 billion for mass transit, including $7.5 billion to buy transit equipment such as buses; and $31 billion to build and repair federal buildings and other public infrastructures. The American Recovery and Reinvestment Act of 2009 (ARRA) provides a number of tax incentives for businesses. Developed in response to the Great Recession, the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible. 5) Designates each amount in this Act as: (1) an emergency requirement, necessary to meet certain emergency needs in accordance with the FY2008-FY2009 congressional budget resolutions; and (2) an emergency for Pay-As-You-Go (PAYGO) principles. [89] Organizing for America, a community organizing project of the Democratic National Committee, prepared a chart presenting the BLS data for the period beginning in December 2007. The company issued a statement saying it fully complied with the request. A new Recovery.gov website was redesigned at a cost estimated to be $9.5 million through January 2010. ��Ao�>�9xʩ�GeU��ݑ�eY��lG�$��r���/0 [117][118] Eleven other inspectors general served on the RATB, and the board also had a Recovery Independent Advisory Panel. The Amer. Recovery and Reinvest. Act of 2009 (ARRA) contains a variety of provisions intended to boost economic activity and employment. The aspects of the stimulus expected by the NABE to have the greatest effectiveness were physical infrastructure, unemployment benefits expansion, and personal tax-rate cuts. (i) Section 1605 of the American Recovery and Reinvestment Act of 2009 (Recovery Act) (Pub. ARRA is otherwise called the Recovery Act, Obama Stimulus and the stimulus package of 2009. American Recovery and Reinvestment Act of 2009 Agency-Wide Recovery Act Plan Submitted: Friday May 15, 2009. In total, the projects questioned by the two senators amounted to about $15 billion, or less than 2% of the $862 billion. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence. House – $28.4 billion for energy efficiency and renewable energy programs, including $6.2 billion to weatherize homes; $11 billion to fund a smart electricity grid. Did you know? Conference – $250 one-time payment to each recipient of Supplemental Security Income, Social Security (Regular & Disability) Insurance, Veterans pension, Railroad Retirement, or State retirement system. This Statement of Purpose included the following: The Act specifies that 37% of the package is to be devoted to tax incentives equaling $288 billion and $144 billion, or 18%, is allocated to state and local fiscal relief (more than 90% of the state aid is going to Medicaid and education). Because many companies didn't yet make a profit in 2009 in that industry, they were offered cash instead of tax credits. Using a straight mathematical calculation, critics reported that the ARRA cost taxpayers between $185,000 to $278,000 per job that was created, though this computation does not include the permanent infrastructure that resulted. 111-5 (text) (pdf)), nicknamed the Recovery Act, was a stimulus package enacted by the 111t. In fact, by a number of measures, the economy was collapsing as . House – $36 billion to subsidize locally issued bonds for school construction, teacher training, economic development and infrastructure improvements. CBO has releaseda cost estimatefor H.R. The American Recovery and Reinvestment Act of 2009 -- commonly called the "stimulus" -- was designed to spur economic growth while creating new jobs and saving existing ones. Opposition", "Obama Predicts Support From G.O.P. "The American Recovery and Reinvestment Act (ARRA) of 2009, HR 1 in the 111th Congress, will assist in supplemental appropriations for job preservation and creation, give financial help to the unemployed, and will provide State and local ... Senate – Doubles the credit to $15,000 for homes purchased for a year after the bill takes effect, increasing the cost to $35.5 billion. American Recovery and Reinvestment Act of 2009: investment in Hawaii: hearing before the Committee on Appropriations, United States Senate, One Hundred Eleventh Congress, second session, special hearing, July 7, 2010, Honolulu, HI. Senate – $3.5 billion in grants to state and local law enforcement to hire officers and purchase equipment. American Recovery and Reinvestment Act (ARRA), also called the Stimulus, legislation, enacted by the U.S. Congress and signed into law by Pres. House – $13 billion to extend tax credits for renewable energy production. The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.". Barack Obama in 2009, that was designed to stimulate the U.S. economy by saving jobs jeopardized by the Great Recession of 2008-09 and creating new jobs. <>stream Full text of the American Recovery and Reinvestment Act of 2009. Additional debt costs would add about $350 billion or more over 10 years. American Recovery and Reinvestment Act of 2009 - (Sec. Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy. Funds are being distributed by Federal agencies to States and communities throughout the country to build, repair, and upgrade a wide range of facilities, systems, and programs. [14], On January 28, 2009, the House passed the bill by a 244–188 vote. The legislation was a Keynesian attempt to lift the . The Recovery Act includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, This sweeping legislation has the capability to change the face of healthcare as we know it. %PDF-1.5 Republicans, such as House Speaker John Boehner of Ohio, criticized the report since, in their views, the Act cost too much for too little result.[116]. The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009. In addition to appropriating billions of dollars for economic recovery, the Act makes some important . The remaining 45%, or $357 billion, is allocated to federal spending programs such as transportation, communication, wastewater, and sewer infrastructure improvements; energy efficiency upgrades in private and federal buildings; extension of federal unemployment benefits; and scientific research programs. A link to the full cost estimate can be found here. Millions of Americans who don't make enough money to pay federal income taxes could file returns next year and receive checks. On January 23, Speaker of the House Nancy Pelosi said that the bill was on track to be presented to President Obama for him to sign into law before February 16, 2009. Senate – $11 billion to make interest payments on most auto loans and. 115-521). Yet, the plunge stopped in the second quarter of 2009 – just as the stimulus came on line. 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A May 15, 2009, Washington Post article reported that the 'Buy American' provision of the stimulus package caused outrage in the Canadian business community, and that the government in Canada "retaliated" by enacting its own restrictions on trade with the U.S.[63] On June 6, 2009, delegates at the Federation of Canadian Municipalities conference passed a resolution that would potentially shut out U.S. bidders from Canadian city contracts, in order to help show support for Prime Minister Stephen Harper's opposition to the "Buy American" provision. [5] Only three Republican senators voted for it. In other words, the growth pattern shown by the revised data sure makes it appear that the stimulus worked. Conference – $8,000 credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. The American Recovery and Reinvestment Act of 2009 The grandest experiment yet in the history of U.S. fiscal policy may be the American Recovery and Reinvestment Act of 2009 that was passed into law by Congress on February 13, 2009 and signed by President Obama four days later at a ceremony in Denver. L. 111-5), by requiring, unless an exception applies, that all manufactured construction material in the project is manufactured in the United States and, if the construction material consists wholly or predominantly of iron or steel, the iron or steel . House – $4.3 billion to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. ARRA supports a variety of . The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. 111-5 (text) (pdf)), nicknamed the Recovery Act, was a stimulus package enacted by the 111t. The politics around the stimulus were very contentious, with Republicans criticizing the size of the stimulus. To assist those most impacted by the recession. In the primary justification for the stimulus package, the Obama administration and Democratic proponents presented a graph in January 2009 showing the projected unemployment rate with and without the ARRA. House – About $145 billion for $500 per-worker, $1,000 per-couple tax credits in 2009 and 2010. The sum of outlays and tax cuts up to this point was $666 billion. $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000. 1, the American Recovery and Reinvestment Act of 2009, which was introduced today in the House of Representatives. Contains the official text of the Act signed into law on February 17, 2009 by President Barack Obama and documents related to the creation, response to, and signing of the Act. [72], On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path". OFA used the chart to argue, "As a result [of the Recovery Act], job losses are a fraction of what they were a year ago, before the Recovery Act began. 1, its version of the American Recovery and Reinvestment Act of 2009. Most of the tax incentives for businesses are found in Subtitle C of Division B, Title I of ARRA. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. American Recovery and Reinvestment Act of 2009: An Overview. $890 million to improve housing for service members, $750 million for federal buildings and U.S. Courthouses (, $176 million for Agriculture Research Service repairs and improvements, $150 million for the construction of state extended-care facilities, $100 million to improve facilities of the, $1 billion for explosive detection systems for airports, $500 million to update the computer center at the, $420 million for construction and repairs at ports of entry, $290 million to upgrade IT platforms at the, $280 million to upgrade border security technologies, $200 million for IT and claims processing improvements for, $150 million for the security of transit systems, $26 million to improve security systems at the, $4.5 billion to increase energy efficiency in federal buildings (, $3.4 billion for carbon capture and low emission coal research, $602 million to support the use of energy efficient technologies in building and in industry, $300 million for state and local governments to purchase energy efficient vehicles, $250 million to increase energy efficiency in low-income housing, $204 million in funding for research and testing facilities at, $190 million in funding for wind, hydro, and other renewable energy projects, $110 million for the development of high efficiency vehicles, $42 million in support of new deployments of, $2.25 billion in tax credits for financing low-income housing construction, $2 billion for the Neighborhood Stabilization Program to purchase and repair foreclosed vacant housing, $1.5 billion for rental assistance to prevent homelessness, $1 billion in community development block grants for state and local governments, $555 million in mortgage assistance for wounded service members (Army Corps of Engineers), $510 million for the rehabilitation of Native American housing, $250 million for energy efficient modernization of low-income housing, $200 million for helping rural Americans buy homes (Department of Agriculture), $140 million in grants for independent living centers for elderly blind persons (Dept. This book contains: - The complete text of the Federal Acquisition Regulation - FAR Case 2009-008, American Recovery and Reinvestment Act of 2009 (the Recovery Act) (US Federal Acquisition Regulation Regulation) (FAR) (2018 Edition) - A ... American Recovery and Reinvestment Act of 2009: investment in Hawaii: hearing before the Committee on Appropriations, United States Senate, One Hundred Eleventh Congress, second session, special hearing, July 7, 2010, Honolulu, HI. The following are details to the different parts of the final bill and the selected citizen to receive this Government Grants have to come up with $250 for the activation and they must clear the state tax according to the state percentage that will be refund it back along with the Grants. The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. Text for H.R.1 - 111th Congress (2009-2010): American Recovery and Reinvestment Act of 2009 An Act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, State, and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes. The administration and lawmakers hope the ARRA will aid in the country's recovery from the current recession. [103] At that point, spending outlays under the stimulus totaled $257 billion and tax cuts totaled $223 billion. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence. House – $40 billion to subsidize the cost of continuing health care insurance for the involuntarily unemployed under the COBRA program or provide health care through Medicaid; $87 billion to help states with Medicaid; $20 billion to modernize health information technology systems; $4 billion for preventive care; $1.5 billion for community health centers; $420 million to combat avian flu; $335 million for programs that combat AIDS, sexually transmitted diseases and tuberculosis. This only applies to first-time homebuyers. [93] The CBO projected that the package would have an even greater impact in 2010. President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) on February 17, 2009. 106, S.Amdt. [Atlanta, GA - May 11, 2009] U.S. Environmental Protection Agency Administrator Lisa P. Jackson has announced the availability of an estimated $600,000 in grants bolstered by funds from the American Recovery and Reinvestment Act of 2009 to help communities in Kentucky clean up sites known as "brownfields" which may be contaminated by . In 2013, the Reason Foundation, an American libertarian group, conducted a study of the results of the ARRA. On January 10, 2009, President-Elect Obama's administration released a report[11] that provided a preliminary analysis of the impact to jobs of some of the prototypical recovery packages that were being considered. The CBO stated that "the employment effects began to wane at the end of 2010 and have continued to do so throughout 2011." Conference – The Conference Report merged most education aid with the State Fiscal Stabilization fund (administered by the Department of Education) and gave power over the funds to each governor under voluminous restrictions. 3663 0 obj For the last half of 2009, workers could expect to see about $20 a week less withheld from their paychecks starting around June. 1 on February 2, 2009. 111-5 (text)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. The Recovery Act further establishes authority for the Rural Utilities Service (RUS) to make grants and . IHBG (competitive), authorized by the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA), assists tribes in developing, operating, maintaining, and supporting affordable housing for rental and homeownership housing. In 2011, the Department of Commerce revised some of its previous estimates. The CBO estimated that ARRA increased the deficit by $200 billion for 2009, split evenly between tax cuts and additional spending, excluding any feedback effects on the economy.[88]. In fact, the contract in question purchased 760,000 pounds of ham for $1.191 million, at a cost of approximately $1.50 per pound. 111–5 (text) (pdf)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. >>/Reason()/Reference[<>/Type/SigRef>>]/SubFilter/adbe.pkcs7.detached/Type/Sig>> The two senators did concede that the stimulus has had a positive effect on the economy, though they criticized it for failing to give "the biggest bang for our buck" on the issue of job creation. [73] This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. $750 million for the maintenance of existing public transportation systems, $200 million for FAA upgrades to air traffic control centers and towers, facilities, and equipment, $100 million in grants for improvements to domestic shipyards, $2 billion for the Drinking Water State Revolving Fund drinking water infrastructure improvements (, $1.38 billion for rural drinking water and waste disposal projects, $600 million for hazardous waste cleanup at, $515 million for wildfire prevention projects, $300 million for reductions in emissions from diesel engines (, $300 million to improve Land Ports of Entry (, $100 million for cleaning former industrial and commercial sites (. The change would increase taxes on the merged banks by $7 billion over 10 years. Also as part of its Recovery Act responsibilities, the FCC performed extensive outreach, hosted a call center, and provided individual assistance during the Digital Television transition, which occurred on June 12, 2009. The American Recovery and Reinvestment Act of 2009: an update : hearing before the Committee on the Budget, House of Representatives, One Hundred Eleventh Congress, second session, hearing held in Washington, DC, July 14, 2010. [15] All but 11 Democrats voted for the bill, but not a single Republican voted in favor: 177 Republicans voted against it, while one Republican did not vote.[16]. OST B-10 5/15/2009 2 Table of Contents I. But it was never indexed to inflation, so critics now contend it taxes people it was not intended to. The change eliminates the floor, meaning more workers who pay no federal income taxes could receive checks. $7 billion: Repeal bank credit: Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. American Recovery and Reinvestment Act of 2009 (Recovery Act Programs) . [citation needed], According to a March 2009 Industry Survey of and by the National Association of Business Economists, 60.3% of their economists who had reviewed the fiscal stimulus enacted in February 2009 projected it would have a modest impact in shortening the recession, with 29.4% anticipating little or no impact as well as 10.3% predicting a strong impact. 679: American Recovery and Reinvestment Act of 2009 111th Congress (2009 - 2010) The American Recovery and Reinvestment Act of 2009: the role of state and local governments: hearing before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Eleventh Congress, first session, April 21, ... This historic legislation seeks to immediately stimulate job creation during these challenging economic times by cutting taxes and investing hundreds of billions of dollars over the next two years in critical sectors such as energy, health care . AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 . ENVIRONMENTAL PROTECTION AGENCY RECOVERY ACT PROGRAM PLAN: DRINKING WATER STATE REVOLVING FUND MAY 15, 2009 . ", "18 M Spent To Redesign Recovery.gov Web Site", "Response to Drudge Item on Recovery Act Funding – Statement from Agriculture Secretary Tom Vilsack", CBO Monthly Budget Review – October 2009, "Employment, Hours, and Earnings from the Current Employment Statistics survey (National)", "NABE Panel: A Mixed Scorecard for Economic, Financial System Remedies", "Economic Scene: Judging Stimulus by Job Data Reveals Success", "Update 2-US stimulus added up to 2.1 mln jobs in Q4 2009-CBO", Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output, "Corrected – Update 2-Stimulus raised GDP by up to 4.2 pct in Q1 2010 -CBO", Fiscal Spending Jobs Multipliers: Evidence from the 2009 American Recovery and Reinvestment Act, http://www.cbo.gov/ftpdocs/99xx/doc9987/Gregg_Year-by-Year_Stimulus.pdf, "US debt deal: how Washington lost the plot", "Hypocrisy Alert: 128 House Republicans Take Credit for the Economic Bills They Opposed", "Reboot America – Manifesto Support Surges", "The Economic Impact of the American Recovery and Reinvestment Act of 2009", "GOP slams stimulus plan with list of 100 worst projects", "Obama Considers Major Expansion in Aid to Jobless", "Obama Hopes 'Recovery Summer' Will Warm Voters to the Stimulus", "Tax Cut Extension Bill Wends Its Way to White House", "Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from July 2011 Through September 2011", "Ahead of Election, Obama Stops Releasing 'Stimulus' Reports", "Obama Continues to Violate His Own 'Stimulus' Law by Not Releasing Quarterly Reports", "Labor Force Statistics from the Current Population Surve", "White House: Stimulus was good for economy; GOP says big spending produced little results", "Obama picks F&M alum to oversee stimulus plan", "Interior IG Brings Detective's Zeal to Stimulus Watchdog Post", "Senior Senator Launches Inquiry on 'Green Energy' Grants", Complete text of enacted statute at Wikisource, Full Video of The American Recovery and Reinvestment Act of 2009 signing ceremony on February 17, 2009 (from C-SPAN), Vice President Biden and President Obama speeches on the 1-year anniversary of the ARRA (from C-SPAN), Council of Economic Advisers-The Economic Impact of the ARRA Five Years Later – February 2014, Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output in 2014, Effect of the American Recovery and Reinvestment Act on 33 economic indicators, Office of Federal Housing Enterprise Oversight, China–Japan–South Korea trilateral summit, Dodd–Frank Wall Street Reform and Consumer Protection Act, Emergency Economic Stabilization Act of 2008, Term Asset-Backed Securities Loan Facility, Fraud Enforcement and Recovery Act of 2009, Housing and Economic Recovery Act of 2008, National fiscal policy response to the Great Recession, List of banks acquired or bankrupted during the Great Recession, Effects of the Great Recession on museums, United States federal taxation legislation, Joint session of Congress (health care reform), Illinois State Senate election, 1996, 1998, 2002, 2000 Illinois's 1st congressional district election, Republican and conservative support (2008), Inaugural Celebration at the Lincoln Memorial, By the People: The Election of Barack Obama, https://en.wikipedia.org/w/index.php?title=American_Recovery_and_Reinvestment_Act_of_2009&oldid=1039351390, United States federal financial legislation, United States federal housing legislation, Short description is different from Wikidata, Articles with unsourced statements from December 2011, Articles with unsourced statements from February 2018, Articles with unsourced statements from April 2016, Articles with unsourced statements from April 2012, Articles with dead external links from June 2020, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License. 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Investigations by Congress B, Title i of ARRA Broadband Plan House – $ 22.8 billion to repair and Defense. 111-5 ): Brief Summary Congressional Research Service Summary President Barack Obama apply for COBRA award document most auto and... Is expected to have a negative impact on employment in any period of time [... And employment Great Recession in June 2011 when it was signed into law that evening ]... From car purchases, not interest payments phased out for couples making more than 160,000. Bills & gt ; H.R construction procurement or related services from the bill 60–38! To pay federal income taxes could file returns next year and receive checks in other words, 2009 american recovery and reinvestment act House Representatives... For refunds was set at $ 838 billion economists issued a statement it... To Republicans winning the House voted for the bill complete full text of the House passed H.R as... Tea Party movement and May have contributed to Republicans winning the House of Representatives shown by the 111t to! Was signed into law by President Obama on February 17, 2009 10 years the was! Long-Term impact of the transportation infrastructure funding in ARRA, in November 2011, Maine State government have... ( i ) section 1605 of the American Recovery and Reinvestment Act ARRA. Have contributed to Republicans winning the House of Representatives questions about the.. The Cato Institute February 17, 2009 enhance energy independence have expended $ 1,229,874,217 in Recovery Act ). Site is unavailable law was signed into law by President Barack Obama signed the American Recovery and Reinvestment Act 2009. ] Conservative economist John Lott was more critical of the ARRA targeted spending in a few main areas including $. Found here the law CBO projected that the stimulus Recovery.gov have been shut and! 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