was signed into law by President Obama on February 17th, 2009. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
Implementing the Recovery Act:
Treasury's Role
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The Department of the Treasury has significant responsibilities related to the Recovery Act. Treasury has nine programs – including several initiatives involving tax changes that will affect almost all Americans, and will deliver an estimated $150 billion of direct relief to Americans and their families. Read more
- Economic Recovery Act Payments
- Community Development Financial Institutions
- New Markets Tax Credit
- Health Insurance Tax Credit Administration
- *NEW* Energy Grants in Lieu of Tax Credits
- *NEW* Low Income Housing Grants in Lieu of Tax Credits
- Native American CDFI Assistance
- Tax Provision Oversight
- Tax Relief Programs
Your Treasury Dollars at Work:
Making Progress, Making Headlines
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April 9, 2009
American Recovery and Reinvestment Act Payments
Under the American Recovery and Reinvestment Act, the Treasury Department's Financial Management Service (FMS) will issue more than 64 million one-time $250 payments to Social Security, Supplemental Security Income, Railroad Retirement and Veteran Affairs benefit recipients to make tough economic times a bit easier. Read more
Department of Treasury Recovery Plans, Recovery Program Reports, and other agency- and program-specific reports required by the Recovery Act will be posted on this site as they become available.
Last Updated:
April 9, 2009
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