Jobs for Main Street Act
The Jobs for Main Street Act, passed by the House on December 16, 2009, will create or save jobs here at home with targeted investments ($75 billion) for highways and transit, school renovation, hiring teachers, police, and firefighters, small business, job training and affordable housing – key drivers of economic growth that have the most bang for the buck. These investments are fully paid for by redirecting TARP funds from Wall Street to Main Street. The bill text is now available on the Rules Committee web site»
In addition, the legislation also provides critical safety net funds to extend COBRA premium assistance for people who have lost their health insurance as a result of job loss, as well as unemployment benefits and provide other aid for Americans looking for work. It also gives assistance to states to pay for Medicaid and for extending the child tax credit.