The American Recovery and Reinvestment Act of 2009 (ARRA or Recovery Act) was signed into law on February 17, 2009. The legislation seeks to stimulate the economy by preserving and creating jobs, assisting the unemployed and uninsured, and providing state budget relief while making investments in infrastructure, education, science, healthcare and energy efficiency.
For the programs authorized by the ARRA, the Office of Management and Budget (OMB) issued The Initial Implementing Guidance for ARRA to agencies responsible for executing this broad and sweeping stimulus plan. The purpose of this guidance is to provide an initial set of government wide requirements and guidelines that Federal agencies must immediately implement, or prepare to implement, in order to manage ARRA activities. The guidance outlines necessary enhancements to standard processes for awarding and overseeing funds to meet accelerated time frames and other challenges posed by the Recovery Act's transparency and accountability requirements. It answers questions and clarifies issues related to the implementation of ARRA and provides initial clarification on reporting, including the reporting of information on agency websites. The guidance instructs agencies on the initial steps that must be taken to meet the reporting requirements and establishes a common approach for agencies to manage the associated implementation risks.