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Who was responsible for the American Recovery and Reinvestment Act ?

The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17th, 2009. 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.

What was the American Recovery and Reinvestment Act quizlet?

2009 American Recovery and Reinvestment Act. a direct increase in federal spending and aid to state gov to help them maintain spending, tax cuts for most families, increased aid to the unemployment.

What led to the American Recovery and Reinvestment Act?

The President signed the Recovery Act into law on February 17, 2009less than a month after taking officeas our economy teetered on the brink of a second Great Depression. In fact, by a number of measures, the economy was collapsing as fast or faster in late 2008 and early 2009 than it was when the Depression began.

What department is the American Recovery and Reinvestment Act?

The U.S. Department of Energy Secretary Steven Chu today announced the investment of nearly $80 million under the American Recovery and Reinvestment Act for advanced biofuels research and fueling infrastructure that will help support the development of a clean sustainable transportation sector.

What were the key provisions of the American Recovery and Reinvestment Act?

The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nations infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.

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Who passed the American Recovery and Reinvestment Act?

The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17th, 2009.

What are the effects of the ARRA?

The goal of ARRA was to save existing jobs, create new jobs, and also prevent further deterioration of critical economic sectors such as healthcare. Provisions included tax relief for families, spending on infrastructure projects, and investments in education, energy, homeland security and healthcare [1, 2].

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