- Stimulus Bill
USAAlso known as the Stimulus Bill (Pub. L. 111-5). A statute signed into law on February 17, 2009 to provide, among other purposes, a broad-based economic stimulus to the economy to encourage economic recovery. The ARRA contains new spending and tax reductions for individuals and businesses estimated to cost $787.2 billion over ten years (2009 to 2019).For more information on the ARRA, including the text of the legislation and a summary of its provisions, as well as other government bailout programs implemented in response to the financial crisis, see Practice Note, Government Bailout Programs (www.practicallaw.com/8-384-3367).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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