Rebuilding the Economy
Rebuilding the Economy
The Recovery Act – This landmark legislation represented the largest infrastructure investment since President Eisenhower, the largest education investment since President Johnson, and the largest clean-energy bill ever. It has saved or created as many as 3.7 million jobs across America while creating a foundation for future growth.
Middle Class Tax Cuts – The Recovery Act reduced taxes for 95 percent of working families, putting more money in the pockets of Americans who need it most. President Obama also worked to prevent a middle-class tax increase, while extending vital unemployment benefits for Americans who lost their jobs through no fault of their own.
American Recovery and Reinvestment Act of 2009, February 21, 2009
Wall Street Reform – New legislation empowered consumers and investors, put a stop to predatory lending practices, brought shadowy wall street trades into the light, and ended taxpayer-funded bailouts.
H.R.4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act, July 22, 2009
Credit Card Reforms - This initiative put a stop to unfair credit card practices, banned retroactive rate hikes, implemented new protections for students and young people, and required credit card companies to explain their terms in plain language.
Credit CARD Act of 2009, May 22, 2009
Building a Clean-Energy Economy – New emissions and fuel efficiency standards for American cars and historic investments in clean-energy technologies are helping pave the way to a more sustainable future, creating new jobs and entire industries here in America.
DOT 56-10 National Standards for Fuel Economy and Greenhouse Gas Emission Levels, April 1, 2010
Rebuilding the American Auto Industry – The Obama Administration acted decisively to invest in America’s auto industry, preventing hundreds of thousands of job losses across the country and revitalizing the backbone of America’s manufacturing sector.
H.R. 4877 -- The Community Bank and Automotive Industry Recapitalization Act
