What is the purpose of ARRA?
The American Recovery and Reinvestment Act (ARRA), signed into law by President Obama on Feb. 19, is designed to jumpstart the U.S. economy, create or save millions of jobs and address national needs—while supporting unprecedented levels of transparency, oversight and accountability.
What led to the American Recovery and Reinvestment Act?
American Recovery and Reinvestment Act (ARRA), also called the Stimulus, legislation, enacted by the U.S. Congress and signed into law by Pres. 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.
What are ARRA funds?
The American Recovery and Reinvestment Act of 2009 (ARRA) 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.
Who created the Recovery Act?
42 U.S.C. ch. 149 § 15801 et seq. The American Recovery and Reinvestment Act of 2009 (ARRA) ( Pub.L. 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.
How much was the Recovery Act?
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.
What is an ARRA grant?
The recent ARRA legislation provides an unprecedented level of funding ($8.2 billion in extramural funding) to the NIH to help stimulate the US economy through the support and advancement of scientific research. Support new types of activities such as the NIH Challenge Grant program that meet the goals of the ARRA.
Who does the ARRA provide funds for?
Specifically, the ARRA provides $10 billion in additional Fiscal Year (FY) 2009 Title I, Part A funds to local education agencies (LEAs) for schools that have high concentrations of students from families that live in poverty in order to help improve teaching and learning for students most at risk of failing to meet …
When was the American Recovery and Reinvestment Act passed?
American Recovery and Reinvestment Act of 2009. The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009.
When did the last Recovery Act report come out?
As such, the September 30, 2012 report provides the final total expenditures for the FCC’s Recovery Act funds and is the FCC’s last weekly report.)
What did the FCC do under the Recovery Act?
The FCC worked in coordination with the National Telecommunications and Information Administration (NTIA) to perform the FCC’s role under the Recovery Act.
What is the American Recovery and Investment Act?
American Recovery and Reinvestment Act of 2009. Long title. 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.
What is the American Recovery Act?
The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub.L. 111–5 ), 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. Developed in response to the Great Recession ,…
Is the Recovery Act a failure?
The National Industrial Recovery Act is widely considered a policy failure, both in the 1930s and by historians today. Disputes over the reasons for this failure continue.
When was the Recovery Act?
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009.