What has the U.S. government done in the last year to change economic policy in this country?© BrainMass Inc. brainmass.com December 24, 2021, 8:30 pm ad1c9bdddf
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The major changes are found in the the American Recovery and Reinvestment Act and the TARP. Focus on stability in the banking industry is a primary concern, since it is here the most damage to the economy and people's lives was done. Banks failures were prevented and banks that were not stable and viable were closed. Those investment, bank, and other money lending and control firms that were bailed out are now subject to tighter transparency standards. Other large companies under TARP and like changes also come under American government scrutiny. Compensation, spending, purchasing, product offering are all open to government comment.
The American Recovery and Reinvestment Act includes programs for reinvestment in the rebuilding of the infrastructure with the goal of jump starting employment and the economy. States provided lists to the federal government to be funded and funds were dispersed to states and some federally designated programs. While trade and other wide view economic issues are still being addressed, the federal government policies are focused on economic recovery and getting people employed more closely in the current climate.
There has been a greater focus on how banks and investment companies and any financial institution does business and where they make investments. There has been more attention paid to people like Bernie Madoff, who might be running schemes and frauds. All this attention is to protect the people who have their money invested and protect small companies and individuals.
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