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America Economic Recovery Legislation Includes $45 Billion From Rep. McDermott’s Subcommittee

January 16 2009

Earlier this afternoon, Ways and Means Committee Chairman Charles B. Rangel (D-NY) introduced H.R. 598, legislation including components of the economic recovery bill under the Jurisdiction of the Ways and Means Committee.  Rep. Jim McDermott (D-WA), chairman of the Income Security and Family Support Subcommittee joined Chairman Rangel as an original co-sponsor of this crucial legislation.

“This recovery package will help restore confidence for American families and businesses and grow the economy so that we can recover from the current downturn,” said Ways and Means Committee Chairman Charles B. Rangel (D-NY).   “We will provide relief directly to families who are hurting, helping those who have lost their jobs and their health care to rebuild and recover their lives.  We have also crafted a targeted package of benefits to businesses large and small to jumpstart investments in new technology and new jobs to help our economy turn around.”

Subcommittee chairman McDermott added, “This legislation delivers on our promise to govern on behalf of all the American people and demonstrates our commitment to act urgently to help the American people through this economic crisis.”

The legislation includes four major titles; all of Title II falls under the jurisdiction of Rep. McDermott’s subcommittee.  As introduced, Title II accounts for approximately $45 billion in the stimulus plan.

The Ways and Means Committee will consider the American Economic Recovery and Reinvestment Plan of 2009 on Thursday, January 22, 2009 at 10:00 AM.

Titles included in H.R. 598:

Title I - American Recovery and Reinvestment Tax Act of 2009

Title II - Assistance for Unemployed Workers and Struggling Families Act

Title III - Health Insurance Assistance for the Unemployed Act of 2009

Title IV - Health Information Technology for Economic and Clinical Health Act

Attached please find detailed summaries of provisions under the jurisdiction of the Ways and Means Committee. 

Text of the legislation is also available on the Ways and Means Committee website.

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