2009 Stimulus Bill Definition
So we ll do our best to give you the latest amendments bill text and analysis.
2009 stimulus bill definition. 2009 arra was signed into law by president obama on february 17 2009 the enactment date. High speed rail 2009 stimulus bill president barack obama on thursday called for spending at least 13 billion to launch a new era of high speed passenger rail transportation sparking competition among states and providing a potentially rich new market for rail equipment makers. An act to amend laws in order to provide payments relating to the household stimulus package and for other purposes.
The post is an update to what is in the economic stimulus bill of 2009. The bill number is h r. For the official precise estimate of total debt added by the stimulus bill we turn to the congressional budget office which puts the total increase in the deficit over 10 years at 787 2 billion.
2009 final stimulus bill housing provisions february 13 2009 prepared by citizens housing and planning association the conference committee issued its version of the stimulus bill h r 1 the american recovery and reinvestment act of 2009 on february 12. 1 this is a huge pdf. It provides a number of health related provisions including a cobra premium subsidy for employees who are involuntarily terminated between september 1 2008 and december 31 2009.
The american recovery and reinvestment act of 2009 arra was a piece of fiscal stimulus legislation passed by the u s. The following pages provide more detail on the bill provisions. The bill the bill title is american recovery and reinvestment act of 2009.
Tracking on congress is like a sing along with 1 million people out of tune and out of sync. In the united states a 787 billion stimulus package known as the american recovery and reinvestment act arra of 2009 contained a huge array of tax breaks and spending projects aimed at vigorous. The american recovery and reinvestment act of 2009 arra is an economic stimulus bill created to help the united states economy recover from an economic downturn that began in late 2007.
111 5 text nicknamed the recovery act was a stimulus package enacted by the 111th u s. 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. 4 of 2009 as made.