Practical Law Glossary Item 3-501-7796 (Approx. 3 pages)
Glossary
American Recovery and Reinvestment Act of 2009 (ARRA)
Also known as the Stimulus Bill (Pub. L. 111-5). A statute signed into law on February 17, 2009 to provide a broad-based stimulus to the economy to encourage economic recovery. ARRA contained spending and tax reductions for individuals and businesses estimated to cost $787.2 billion over ten years (2009 to 2019).
In the context of employee benefits and executive compensation, ARRA: