Economic Recovery Act
The American Recovery and Reinvestment Act (ARRA), also known as the stimulus, was passed by Congress and signed into law by President Obama on February 17, 2009.
Recognizing the importance of research and higher education to the nation’s recovery and long-term prosperity, lawmakers included in the ARRA new funding for both university research activities and student aid. The $787 billion measure provided $21.5 billion—to be spent over Fiscal Years 2009 and 2010—for scientific research and development, the purchase of scientific equipment, and science-related construction projects. The Act also increased funding for the Pell Grant program—raising the maximum individual award to $5,350 in FY09 and to $5,550 in FY10—and Federal Work-Study, and consolidated and expanded education tax benefits into a new American Opportunity Tax Credit.
This section includes the following:
Benefits of ARRA Funded Research
Federal Agency Economic Recovery Plans
Economic Recovery Legislation
Economic Recovery Legislation Statements/Testimony
Government-wide Implementation of Economic Recovery Act