Recovery Board

Recovering from the Recovery Act - Part 5

Submitted by on Wed, 01/03/2018 - 17:18

 A new report looks back at states’ experiences in implementing the federal reporting requirements and offers insights for the potential of extending such requirements.

Since 2009, the public has been able to track the outlay of more than $275 billion in federal contracts, grants, and loans as a result of the unprecedented transparency and accountability provisions included in the American Recovery and Reinvestment Act (Recovery Act), part of the federal economic stimulus program.

Recovering from the Recovery Act - Part 4

Submitted by on Wed, 01/03/2018 - 14:18

What happened?

While there are debates as to whether the Recovery Act saved the economy or not, the one thing that has not been in the headlines was the way federal agency leaders implemented more than 200 programs that were used to distribute the money. 

Recovering from the Recovery Act - Part 3

Submitted by on Tue, 01/02/2018 - 12:15
President Obama created a new oversight board in June 2011 as part of his new Campaign to Cut Government Waste. He directed it to report to him in December on ways to improve accountability, based on lessons from the implementation of the Recovery Act.

Key Actions That Contribute to Successful Program Implementation: Lessons from the Recovery Act

Submitted by on Fri, 06/01/2012 - 11:44

Historically, spending under stimulus legislation tended to peak after a recession was over, oftentimes creating inflation instead of jobs. To avoid this, the Recovery Act man­dated tight timeframes, with 70 percent of the money required to be spent within 17 months to generate jobs. There was significant concern that this rapid spending might result in an estimated $50 billion in waste, fraud, or abuse. Accordingly, there were stringent transparency and accountability requirements embedded in the law.