EPA Program-Specific Recovery Act Plan Drinking Water State Revolving Funds (DWSRFs) Total Appropriations Program Sub-program Appropriation . 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. [77] A 2013 study by economists Stephen Marglin and Peter Spiegler found the stimulus had boosted GDP in line with CBO estimates. The stimulus is not expected to have a negative impact on employment in any period of time.[98]. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth. [78], A February 4, 2009, report by the Congressional Budget Office (CBO) said that while the stimulus would increase economic output and employment in the short run, the GDP would, by 2019, have an estimated net decrease between 0.1% and 0.3% (as compared to the CBO estimated baseline). Conference – $8,000 credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. The Recovery Act further establishes authority for the Rural Utilities Service (RUS) to make grants and . 1, was introduced on January 26, 2009. E�*i�4QB�����H"6,d���&%N$v�fg���JP$a���f��c��9R+�O8 hT&rjT�A��}`�O=0L�� O��@��rp���e�A��6ufRń~b�&Z��'S|�pH\�q�H�y�T�Eg��rt�&8�L��^w(���'}U��d����̣�|t�M��>���r��3e��8��'��4i��^��9͞UL�jd��Ip�,Ҵ�8r�&L"e��\L����C�wa�����PKn��Z��] ɴy��1���ES�)�i�c��ᮄ٩�\SvM�9��4��R� ���%c�I���οRJ1w���;L���i�M�J��ՙ]o�`����OO�>��O���M�R���NJ�df�DS7ή��-r�'�o6_t�� >͙Ѹ#�`{2m;�9�'z�����09���,��y1�.��=�ר>O�J �xq���۸\/7E��vF����\�������:T}2�mAsZnpoqF��������Z�nѺ5�(����#�SU�~�N��9��H%S��Kw��W���mL���bCTlk��0J��j�. Welcome to WhiteHouse.gov/Recovery - the place to follow America's recovery story. 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, ... 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. This included Nobel Memorial Prize in Economic Sciences laureates Edward C. Prescott, Vernon L. Smith, and James M. Buchanan. This project receives funding under the American Recovery and Reinvestment Act of 2009 (ARRA) and the grantee, sub-grantee or loan recipient must display the ARRA logo in a manner that informs the public that the project is an ARRA investment. Home > Bills > H.R. 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. 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. :[43][44][45][42], ARRA included the enactment of the Health Information Technology for Economic and Clinical Health Act, also known as the HITECH Act. A new Recovery.gov website was redesigned at a cost estimated to be $9.5 million through January 2010. Stimulus in Fact and Fantasy", "Official CBO report to the Senate budget committee", https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/49958-ARRA.pdf, "Tracking Stimulus Spending May Not Be as Easy as Promised", "$6.4 Billion Stimulus Goes to Phantom Districts", "Did "Phantom" Districts Get Stimulus Cash? $4.7 billion: Expanded earned income tax credit to increase the. On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009, otherwise known as the Stimulus Act or ARRA (hereinafter, "the Act"). AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 . Senate – $3.5 billion in grants to state and local law enforcement to hire officers and purchase equipment. [12] chairman, and was co-sponsored by nine other Democrats. On February 17th, 2009, the President signed The American Recovery and Reinvestment Act, or Recovery Act, into law.This Act is an unprecedented effort to jumpstart our economy, save and create millions of jobs, and put a down payment on addressing long-neglected challenges so that our . The Senate version of the bill, S. 1, was introduced on January 6, 2009, and later substituted as an amendment to the House bill, S.Amdt. 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 act contains tax cuts and increases in government spending to stimulate the economy that . On the right, it spurred the Tea Party movement and may have contributed to Republicans winning the House in the 2010 midterms. 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. [23], Congressional negotiators said that they had completed the Conference Report on February 11. "[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. [93] The CBO also said, "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package. 109, Conference report 111-16, Division B Title II 2/13/09, Conference report 111-16, 2-13-09, Title 14, House Conference report 111-? Senate – Delays the law from taking effect until 2012, reducing the cost to $291 million. [77] Decreases in GDP in 2014 and beyond are accounted for by crowding out, where government debt absorbs finances that would otherwise go toward investment. 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 . The House had more funds appropriated for education ($143 vs. $119.1 billion), infrastructure ($90.4 vs. $62 billion) and for aid to low income workers and the unemployed ($71.5 vs. $66.5 billion). 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. 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 . 2009 American Recovery and Reinvestment Act. Conference – A 65% COBRA subsidy for 9 months will apply to workers laid off between Sep 1, 2008 and Dec 31, 2009. This sweeping legislation has the capability to change the face of healthcare as we know it. 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. 2. 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. Yet, the plunge stopped in the second quarter of 2009 – just as the stimulus came on line. This Program Instruction provides guidance regarding Public Law 111-5, the American Recovery and Reinvestment Act of 2009 (ARRA), which appropriates an additional $2 billion in CCDF Discretionary funding available to State, Territory and Tribal Lead Agencies in Fiscal Year (FY) 2009 as part of the economic stimulus package. Senate – $21 billion to subsidize the cost of continuing health care insurance for the. $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. "[69] Conservative economist John Lott was more critical of the government spending. Contains the official text of the Act signed into law on February 17, 2009 by President Barack Obama to help alleviate the financial crisis facing the United States. [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 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. Senate – $55 billion in state fiscal relief to prevent cuts in education aid and provide block grants; $25 billion to school districts to fund special education and the. Recovery Act Spending by Category. $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between January 1, 2009, and December 1, 2009, and repayment provision repealed for homes purchased in 2009 and held more than three years. House – $15 billion to allow companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for. Because work on the bills started before President Obama officially took office on January 20, 2009, top aides to President-Elect Obama held multiple meetings with committee leaders and staffers. Clinical research presents health care providers with information on the natural history and clinical presentations of disease as well as diagnostic and treatment options. The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. This was followed by respectable growth over the next four quarters. They also challenged the view that the priority should be reducing the deficit: "Making deficit reduction the first target, without addressing the chronic underlying deficiency of demand, is exactly the error of the 1930s."[102]. 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. Did you know? To preserve and create jobs and promote economic recovery. Senate – $4.7 billion for homeland security programs, including $1 billion for airport screening equipment and $800 million for port security. The United States Code is meant to be an organized, logical compilation of the laws passed by Congress. The Act is an extraordinary response to a crisis unlike any since . On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009, otherwise known as the Stimulus Act or ARRA (hereinafter, "the Act"). 3 . March 12, 2009. 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. [120], American Recovery and Reinvestment Act of 2009, Comparison of the House, Senate and Conference versions, Spending (Senate – $552 billion, House – $545 billion), Aid to low income workers, unemployed and retirees (including job training), Water, sewage, environment, and public lands, Communications, information, and security technologies, Energy efficiency and renewable energy research and investment, Developments under the Act and estimates of the Act's effects, See, for example: S.Amdt. A link to the full cost estimate can be found here. Under current law, workers must make at least $12,550 to receive any portion of the credit. 1 – The American Recovery and Reinvestment Act of 2009", "Summary: American Recovery and Reinvestment", "Summary: American Revovery and Reinvestment", The American Recovery and Reinvestment Act of 2009 (ARRA); Enacted February 17, 2009, "Overview of the American Recovery and Reinvestment Act of 2009", "National Park Service invests $750 million for 800 projects under ARRA 2009", "Bureau of Land Management $305 million funding for 650 projects under ARRA 2009", "Secretary Salazar Marks Recovery Act Anniversary in Seattle", "DOE Environmental Management Sites/Locations", "Weatherization and Intergovernmental Program: Energy Efficiency and Conservation Block Grant Program", "About/HUD Information Related to the American Recovery and Reinvestment Act of 2009", "Selection Statement For Commercial Crew Development", "Canada-U.S. agreement on Buy American came into force", Foreign Affairs and International Trade Canada, Obama's $800bn stimulus may not be enough, "Obama's Stimulus Package Will Increase Unemployment – Opinion", "Cato Institute petition against Obama 2009 stimulus plan", "Letter to Congress: Economists Across the Spectrum Endorse Stimulus Package", "New Consensus Sees Stimulus Package as Worthy Step", "Projections Show It Could Have Been Worse", "Letter by Douglas W. Elmendorf, director of the CBO", "Where Did All the Money Go? [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. CBO has releaseda cost estimatefor H.R. The company issued a statement saying it fully complied with the request. As part of the economic stimulus package, Congress passed and President Obama signed into law the American Recovery and Reinvestment Act of 2009. [104] In July 2011, the CEA estimated that as of the first quarter of 2011,[105] the ARRA raised employment relative to what it otherwise would have been by between 2.4 and 3.6 million. This law was signed into law by President Barrack Obama in 2009. The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. [34] On February 12, House Majority Leader Steny Hoyer scheduled the vote on the bill for the next day, before wording on the bill's content had been completed and despite House Democrats having previously promised to allow a 48-hour public review period before any vote. But it was never indexed to inflation, so critics now contend it taxes people it was not intended to. ARRA is otherwise called the Recovery Act, Obama Stimulus and the stimulus package of 2009. 111-5 (text) (pdf)), nicknamed the Recovery Act, was a stimulus package enacted by the 111t. 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. Senate – About $70 billion to prevent 24 million taxpayers from paying the alternative minimum tax in 2009. It was sponsored by Harry Reid, the Majority Leader, co-sponsored by 16 other Democrats and Joe Lieberman, an independent who caucused with the Democrats. The actual unemployment rate was 9.2% in June 2011 when it was projected to be below 7% with the ARRA. The American Recovery and Reinvestment Act of 2009 (ARRA) (also referred to as the Recovery Act) was a large omnibus bill providing over $747 billion in supplemental appropriations for the 2009 fiscal year and spending to aid families and small businesses following the Great Recession. 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. In addition to appropriating billions of dollars for economic recovery, the Act makes some important . The credit is phased out for couples making more than $150,000. . 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