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(1) To preserve and create jobs and promote economic recovery.
$24 billion for ag buildings
$150K for economic development hardest hit areas
$69M Small Business Administration
Trade adjustment assistance for workers
Various tax provisions for small businesses including increase in roll back period for debt to five years
Several bonding programs to promote investment infrastructure
Economic Recovery Zones
$50B for trade adjustment assistance for firms
Up to $5M per community for trade adjustment assistance for communities
Up to $1M per community college and career training institution grants-total of $40M budgeted. In other words 40 community colleges across the country get grants which is less than one per state.
Up to $12,000 per farm in trade adjustment assistance for farmers, but the bill only allocates a total of $22M
(2) To assist those most impacted by the recession.
$10B section 502 rural housing insurance fund
$100K school lunch programs
$100K WIC
$5K food distribution on Native American Reservations
Extension of Ag disaster and crop assistance deadlines
$20K direct farm loans
$100k financial assistance community development Native Americans
$800M health insurance tax credit
$40M BIA for job training
$450M reservation construction
$3.9B Dept of Labor training and employment services
$13B Title One
$15M student financial assistance
$555M military homeowners assistance fund
$4.4B housing assistance
$2.25B low income housing tax credits
$1.15 homelessness prevention
$2.2B project-based rental assistance
Increases the earned income tax credit, the child credit, Hope scholarship credits, and first time home-buyer credits.
Suspends the tax on unemployment insurance
Allows the purchase of computers for higher education students to qualify as a deduction
Suspends sales and excise tax on new car purchases
Tax credit for health insurance for Trade Adjustment Act individuals
Extends unemployment benefits
Provides assistance for “vulnerable individuals”-appropriating $5B for Temporary Assistance for Needy Families Programs
A one-time $250 payment to veterans, railroad retirees, retired government employees
Premium assistance for COBRA benefits
(3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health.
Farm Service Agency, Salaries and Expenses,” $50,000,000, for the purpose of maintaining and modernizing the information technology system.
$2B DISTANCE LEARNING, TELEMEDICINE, AND BROADBAND PROGRAM
$4.35B for broadband “technologies opportunities”
$360M for construction of research buildings
NASA $950M
NSF $2.5B 200M for academic research modernization
$400M DOD health programs
$85M technology for Indian Health Service and $415M facilities
$1.5B health services IT
$1.3B NIH
$2B Office of Coordinator for Health Information Technology
$1B VA health
The Health Information technology provisions earn themselves a whole separate section: Title XII which dares to venture into controversial areas such as the privacy of patient records. Title XII sets up a national health information record system-a controversial measure.
(4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.
$290 M for watershed and flood prevention
$50K commodity delivery system
$2B Corps of Engineers environmental infrastructure
$2B operation and Maintenance COE
$1B Dept of Interior water-related projects-intake and treatment
$16B for energy efficiency and renewable energy-$2B batteries
$4.5B modernize electrical grid
$3B fossil energy research,
$6B innovative energy technology loan program
$5B defense environmental cleanup
$3.25B upgrade power transmission lines in West
New energy conservation codes
$5.5B for federal buildings and US Courthouses-make Green Buildings
$300M for feds to buy energy efficient vehicles
$6.4B EPA clean water
$290M upgrade Dept of State technology
$1.5B surface transportation infrastructure
$1.1B airport grants
$27B highways
$8B for RR
$6.9B transit capital assistance grants
Incentives for alternative energy
Renewable Energy Bonds
(5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.
2B for state and local law enforcement assistance
1B for community policing
$2.2B child care
$1.1B Head Start
$720M School improvement
$200M school inn ovation and improvement
$12B special ed
$1.1 CD Block grants
$54B from Department of Education for a State Fiscal Stabilization Fund. This takes up Section XIII of the bill.
State relief for Medicaid
OTHER INTERESTING PROVISIONS:
Rural broadband priority given to those w/ more than 1 service provider
$650 M for more converter boxes
$225 M for violence against women programs
$1.4B army, 650M navy, $113m marines, 1B air force repair and modernize military facilities
$75M each for “research, test, evaluation”
Smart grid information clearing house
Open protocols and standards
Prevailing wage
$1B aviation security screening
$400M comparative effectiveness of drugs treatments
World War II Philippine vets finally get full veterans status
The creation of a Recovery Accountability and Transparency Board to prevent fraud, waste, and abuse.
Establishes a Recovery Independent Advisory Panel.
None of the funds appropriated or otherwise made available by this Act may be used for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron, steel, and manufactured goods used in the project are produced in the United States.
Limits on Executive compensation for financial institutions that are recipients of bailout funds
QUESTIONABLE
$1B for “periodic censuses”
$200M for Dept of Homeland Security HQ
$100K border security fencing
Several $100K for fixing trails, etc. in national parks, forests
$50M fund arts projects-not that the arts are not worthy but the amount is so small as to be laughable
$110K lead paint removal
Grants for aquaculture $20K
$3B modernize Bonneville
Print Posted by: liberalamerican
