The Stimulus Bill, For Now

By January 15, 2009Economy, Energy

Majority Leader Steny Hoyer’s statement, “Hoyer Statement on American Recovery and Reinvestment Bill“:

In the midst of a recession that has already cost our economy 2.6 million jobs, the need for swift action is clear. The American Recovery and Reinvestment Bill unveiled today will create jobs and strengthen our economy both now and in the future.

The depth of our economic crisis means that the consequences of inaction are far worse, starting with double digit unemployment and even deeper deficits. A recovery package is needed to stop our economy’s downward spiral so that we may then address the underlying financial crisis. Once our economy stabilizes, we must renew our pledge of fiscal responsibility and make the tough choices necessary to rein in deficits and restore balanced budgets.

Finally, the process is not over today. Members of Congress will continue to work on crafting the best package possible, including holding markups on this legislation next week, and I expect to bring the final House bill to the Floor for a vote the following week. I look forward to working further on this legislation that is critical to strengthening our economy and helping American families struggling under this recession.

The text of the draft Appropriations Committee bill is here, a 258-page (.pdf) document. And so we searched using the term, “manufac” and found these references:

Page 47

19 For an additional amount for ‘‘Industrial Technology
20 Services’’, $100,000,000, of which $70,000,000 shall be
21 available for the necessary expenses of the Technology In
22 novation Program and $30,000,000 shall be available for
23 the necessary expenses of the Hollings Manufacturing Ex
24 tension Partnership.

Page 71

(10) $1,000,000,000 shall be for expenses nec
2 essary for the manufacturing of advanced batteries
3 authorized under section 136(b)(1)(B) of the Energy
4 Independence and Security Act of 2007 (42 U.S.C.
5 17013(b)(1)(B)):

And that’s it, the only specific references.

The committee report is here. It’s 76 pages.

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