Stimulus Package The American Recovery and Reinvestment Act of 2009 (the “ARRA” or “Stimulus”) was passed by Congress and signed into law by President Barack Obama with the hopes that it would achieve two key objectives: add new jobs and save existing jobs. The Stimulus Bill authorized the United States federal government to spend a [...]
Stimulus Bill The American Recovery and Reinvestment Act (the “Stimulus Bill” or the “ARRA”) was passed by Congress and signed into law by President Barack Obama in February of 2009. The law had two explicit purposes: to save existing American jobs and create new ones for individuals who had lost work due to the economic [...]
Stimulus Plan In 2009, Congress passed the American Recovery and Reinvestment Act of 2009 (otherwise known as the “Stimulus Plan” or the “ARRA” and sometimes erroneously referred to as the American Reinvestment and Recovery Act). This landmark piece of legislation was passed in the heat of an economic recession, the likes of which this country [...]
