ARRA
Government & Politics abbreviation · US Law
| Stands for | American Recovery and Reinvestment Act of 2009 |
|---|---|
| Categories | Government & Politics |
ARRA stands for American Recovery and Reinvestment Act of 2009, a US law abbreviation.
Economic stimulus law enacted during the Great Recession, originally estimated at $787 billion, combining tax cuts, aid to states, extended unemployment benefits and spending on infrastructure, clean energy and health information technology.
Example: The bridge repairs were among thousands of "shovel-ready" projects funded by ARRA.
Usage notes
President Barack Obama signed it on February 17, 2009, a month after taking office; the Congressional Budget Office later raised its estimated cost to about $831 billion. It included the HITECH Act on electronic health records. Spending was tracked publicly on the Recovery.gov website.
Related abbreviations
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