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The Recovery Act. President Obama took office in the middle of the worst economic crisis since the Great Depression, at a time the economy was losing over 700,000 jobs a month and in the midst of what we now know was the worst 6-month period for GDP growth in over 60 years.
In response to the severe economic crisis, the $787 billion American Recovery and Reinvestment Act (Recovery Act) became law in February 2009. The primary goal of this act was to create and save jobs and stimulate long-term economic growth.
25 lut 2016 · Summary of Recovery Act and Subsequent Fiscal Measures. The Recovery Act provided more than $760 billion in economic support, comprised of: $300 billion in public investments, including: Nearly $50 billion in surface transportation infrastructure; Roughly $90 billion for clean energy-related investments; $32 billion in health information ...
The Recovery Act is expected to direct approximately $787 billion in funding and tax relief into the American economy between February 2009 and September 2011. Recovery Act funding is provided through three primary mechanisms: • Discretionary program funds, which are grants, loans, and contracts
25 lut 2016 · This month marks the seven-year anniversary of the American Recovery and Reinvestment Act (Recovery Act). The President signed the Recovery Act into law on February 17, 2009—less than a month after taking office—as our economy teetered on the brink of a second Great Depression.
The reporting requirements discussed in this fact sheet incorporate the supplemental requirements of OMB. First, Section 1512 requires recipients and sub-recipients to report on the nature of projects undertaken with Recovery Act funds, and the numbers of jobs created and retained.
14 paź 2011 · According to Section 1512 of the Recovery Act, prime recipients are responsible for fulfilling the reporting requirements for both prime and sub-recipients.
