American Recovery and Reinvestment Act of 2009

{
  "id": "MLC-T-LAW-000496",
  "term": "American Recovery and Reinvestment Act of 2009",
  "field": "Law",
  "definition": "A federal statute enacted in response to the Great Recession, designed to stimulate the U.S. economy through government spending, tax cuts, and investments. This act allocated funds to infrastructure projects, education, health care, and renewable energy, aiming to create jobs and promote economic growth. It included provisions for increased transparency and accountability in the use of federal funds.",
  "url": "https://mlchart.com/terminology/law/american-recovery-and-reinvestment-act-of-2009/"
}