Tracking the American Recovery and Reinvestment Act of 2009

February 19th, 2009 | Posted by: Christopher DeGrezia 0| comments:

Recovery Act - sunsetOn February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (H.R. 1) (the “Act”).   The purpose of the Act is to create and save jobs, jump start our economy, and build the foundation for long-term economic growth.  The Act includes measures to modernize infrastructure, enhance energy independences, expand educational opportunities and various other programs.  The Obama Administration has promised transparency when allocating funds authorized by the Act so as to avoid some of the waste that has frequently marred government spending over the past few decades.  To this end the Administration has established a watchdog agency called the Accountability and Transparency Board and has created a web site, www.recovery.gov, which allows the public to track the stimulus money.  There are also links to sites where you can search, monitor and review: (1)  grant opportunities at www.Grants.gov; (2) contract opportunities at www.FedBizOpps.gov; and (3) loan opportunities at www.GovLoans.gov.  There is also a web site regarding government benefits at www.GovBenefits.gov.

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