Wednesday, January 28, 2009

House Passes Economic Stimulus Bill 244-188

The American Recovery and Reinvestment Act of 2009 (H.R. 1) passed in the House of Representatives tonight on a vote of 244 to 188. The bill includes $819 billion in 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. The bill now moves to the Senate where it will need 60 votes to pass. President Obama will sign the bill if it is passed.

Sponsors: Mr. OBEY (for himself, Mr. RANGEL, Mr. WAXMAN, Mr. GEORGE MILLER of California, Mr. OBERSTAR, Mr. GORDON of Tennessee, Mr. FRANK of Massachusetts, Ms. VELAZQUEZ, Mr. SPRATT, and Mr. TOWNS).

SEC. 3. PURPOSES AND PRINCIPLES.

(a) Statement of Purposes- The purposes of this Act include the following:

(1) To preserve and create jobs and promote economic recovery.

(2) To assist those most impacted by the recession.

(3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health.

(4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.

(5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.

(b) General Principles Concerning Use of Funds- The President and the heads of Federal departments and agencies shall manage and expend the funds made available in this Act so as to achieve the purposes specified in subsection (a), including commencing expenditures and activities as quickly as possible consistent with prudent management.

DIVISION A--APPROPRIATION PROVISIONS, includes TITLE V--ENERGY AND WATER.

DIVISION B--OTHER PROVISIONS, includes TITLE VII--ENERGY

Source: GovTrack (Text of H.R. 1)

No comments:

Post a Comment