The American Recovery and Reinvestment Act of 2009: An Immediate Look at the Legal, Governmental, and Economic Ramifications of President Obama"s Stimulus Package
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As the financial crisis continued to affect Wall Street and Main Street in early 2009, newly-elected President Barack Obama implemented the American Recovery and Reinvestment Act in order to stimulate the economy despite market turbulence. The $787 billion stimulus package focused on improving tax relief, health care, infrastructure, technology, employment, and corporate responsibility as a means to change. What are some of the major legal implications of these efforts? How successful will they be in turning the economy around? Are there any negative consequences to the implementation of this Act? This report provides feedback from some of the nation s leading legal minds on some of the key provisions of the American Recovery and Reinvestment Act of 2009 and what these changes may mean for clients. These experts also share their strategies for advising clients on these issues and speculate on the next steps for revitalizing the economy. This in-depth report offers readers an on-the-spot look at this issue as it continues to unfold. Chapters Include: 1. Francisco J. Gonzalez, Chair, International Services Group, Adorno & Yoss LLP An Overview of the Implications of the American Recovery and Reinvestment Act of 2009 2. Peter A. Jackman and Michael V. Messinger, Directors, Sterne, Kessler, Goldstein & Fox PLLC The American Recovery and Reinvestment Act of 2009 Stimulates Clean Technology Initiatives and Green Patent Strategies 3. Laura G. Thatcher, Partner, and Carolyn E. Smith, Counsel, Alston & Bird LLP Executive Compensation Restrictions under the American Recovery and Reinvestment Act of 2009 4. Steven J. Friedman, Shareholder, Littler Mendelson PC Employment Law, Executive Compensation, and Employee Benefits Implications of Obama"s Stimulus Bill