Recovery Accountability and Transparency Board
The Recovery Accountability and Transparency Board was an agency of the United States federal government, which managed the Recovery.gov website and oversaw spending under the American Recovery and Reinvestment Act of 2009. Recovery.gov was the U.S. government’s official website that provided easy access to data related to Recovery Act spending and allowed for the reporting of potential fraud, waste, and abuse.
Recovery Accountability and Transparency Board Seal
American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (ARRA), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible. Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy.
Official seal of Recovery.gov, the official site of the American Recovery and Reinvestment Act of 2009
President Barack Obama signs the ARRA into law on February 17, 2009 in Denver, Colorado. Vice President Joe Biden stands behind him.
President Barack Obama speaks about the 2,000th project approved through the ARRA. The president is joined by Vice President Joe Biden and Secretary of Transportation Ray LaHood.
Composition of the Act: Tax incentives – Includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy. State and Local Fiscal Relief – Prevents state and local cuts to health and education programs and state and local tax increases.
