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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), 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 ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 ...
"The Biden-Harris administration proposed providing $25,000 in downpayment assistance for 400,000 first-generation home buyers -- or homebuyers whose parents don’t own a home -- and a $10,000 ...
A Black mother and her daughter have credited President Joe Biden for helping them achieve their dream of homeownership in Las Vegas, aided by the $1.9 trillion coronavirus stimulus package passed ...
Around $450 billion of Biden’s $1.9 trillion "American Rescue Plan" is earmarked to go directly to Americans’ wallets. This round of stimulus checks is $1,400 per eligible individual plus a ...
The Troubled Asset Relief Program ( TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush. It was a component of the government's measures in 2009 to address the subprime ...
The House passed the amended version of President Joe Biden's $1.9 trillion stimulus package on Wednesday, sending the legislation to the president's desk for his signature as the final step ...