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American Recovery and Reinvestment Act of 2009

NameAmerican Recovery and Reinvestment Act of 2009
FullnameAn act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.
NicknameThe Recovery Act, Stimulus
Enacted By111th
Effective DateFebruary 17, 2009
Public Law Url
Cite Public Law111-5
IntroducedbyDave Obey (D-WI)
IntroduceddateJanuary 26, 2009
CommitteesAppropriations and Budget
Passeddate1January 28, 2009
Passeddate2February 10, 2009
ConferencedateFebruary 12, 2009
Passeddate3February 13, 2009
Passeddate4February 13, 2009
SignedpresidentBarack Obama
SigneddateFebruary 17, 2009

     Home | U.S. legislation | American Recovery and Reinvestment Act of 2009

The American Recovery and Reinvestment Act of 2009, abbreviated ARRA ( ) and commonly referred to as the Stimulus or The Recovery Act, is an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.

To respond to the late-2000s recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and ‘green’ energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The Act also included many items not directly related to economic recovery such as long-term spending projects (e.g., a study of the effectiveness of medical treatments) and other items specifically included by Congress (e.g., a limitation on executive compensation in federally aided banks added by Senator Dodd and Rep. Frank).

The rationale for ARRA was from Keynesian macroeconomic theory which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.

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