American Recovery and Reinvestment Act [ARRA] Law and Legal Definition

The American Recovery and Reinvestment Act (ARRA) of 2009 is commonly known as the Recovery Act. The objectives of the Act are:

1. to create new jobs and save existing ones;

2. to encourage economic activity and invest in long-term growth; and

3. to foster unprecedented levels of accountability and transparency in government spending.

The provisions of the Act intends:

1. to assist those most impacted by the recession;

2. to invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits; and

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