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America Economic Recovery Legislation Includes $45 Billion From Rep. McDermott’s Subcommittee
January
16 2009
Earlier
this afternoon, Ways and Means Committee Chairman Charles B. Rangel (D-NY)
introduced H.R. 598, legislation including components of the economic recovery
bill under the Jurisdiction of the Ways and Means Committee. Rep. Jim McDermott (D-WA), chairman of the
Income Security and Family Support Subcommittee joined Chairman Rangel as an
original co-sponsor of this crucial legislation.
“This recovery package will help restore confidence
for American families and businesses and grow the economy so that we can
recover from the current downturn,” said Ways and Means Committee Chairman
Charles B. Rangel (D-NY). “We
will provide relief directly to families who are hurting, helping those who
have lost their jobs and their health care to rebuild and recover their
lives. We have also crafted a targeted
package of benefits to businesses large and small to jumpstart investments in
new technology and new jobs to help our economy turn around.”
Subcommittee chairman McDermott added, “This
legislation delivers on our promise to govern on behalf of all the American
people and demonstrates our commitment to act urgently to help the American
people through this economic crisis.”
The legislation includes four major titles; all of
Title II falls under the jurisdiction of Rep. McDermott’s subcommittee. As introduced, Title II accounts for
approximately $45 billion in the stimulus plan.
The
Ways and Means Committee will consider the American Economic Recovery and
Reinvestment Plan of 2009 on Thursday, January 22, 2009 at 10:00 AM.
Titles
included in H.R. 598:
Title
I - American Recovery and Reinvestment Tax Act of 2009
Title
II - Assistance for Unemployed Workers and Struggling Families Act
Title
III - Health Insurance Assistance for the Unemployed Act of 2009
Title
IV - Health Information Technology for Economic and Clinical Health Act
Attached
please find detailed summaries of provisions under the jurisdiction of the Ways
and Means Committee.
Text
of the legislation is also available on the Ways and Means Committee website.
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