A little earlier today, the House of Representatives passed the compromised form of the stimulus bill (American Recovery and Reinvestment Act of 2009), and the Senate is expected to pass the stimulus tonight. It won’t be long before the bill is signed into law by President Obama and the appropriated funds are doled out to various programs and other recipients.
The compromise that was worked out by a small committee of Democrats and Republicans behind closed doors is now available in full, although I find it unlikely that all voting members of Congress have read the entire document. If you have the time and the inclination, and you want to read the entire bill, here are the documents.
February 19 update: The White House has now made available the final printed and signed law. Read the American Recovery and Reinvestment Act of 2009 [pdf] here.
Part B contains many of the items we’ve been discussing on Consumerism Commentary recently, such as the $400/$800 Working Americans tax credit and the $8,000 tax credit for new homebuyers (reduced from $15,000).
Updated October 9, 2016 and originally published February 13, 2009.