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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The ACP was originally funded as the Emergency Broadband Benefit program, a pandemic-era internet subsidy that quickly gained support when reliable access became a necessity in a world dominated ...
In Utah, LIHEAP funding is managed through the Home Energy Assistance Target (HEAT) program, which is handled by the state or Association of Governments (AOG). The Mountainland AOG provides direct oversight for assistance to local government agencies in Utah, Wasatch, and Summit Counties. MAG receives nearly $2.5 Million annually.
The E-Rate program provides subsidies for Internet access and general telecommunications services to schools and libraries. The subsidies typically pay 20% to 90% of costs based on need, [52] with rural and low-income schools receiving the greatest subsidy. In 2022, the E-Rate program paid out $2.1 billion.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
WASHINGTON (Reuters) -The U.S. Commerce Department said on Monday it would award Taiwan Semiconductor Manufacturing Co's (TSMC) U.S. unit a $6.6 billion subsidy for advanced semiconductor ...
The TSMC subsidies announced Friday were made under the CHIPS Act that was signed into law by President Biden in 2022. The deal comes after an April preliminary agreement between the Commerce ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.