Download Emergency Economic Stabilization Act Pictures. (a) short title.—this division may be cited as the ''emergency economic stabilization act of 2008''. It was the senate's october 2008 plan, and it became law.
Finance Sector Gave 51 Percent More To House Bailout Backers Opensecrets from www.opensecrets.org
Finally, acts may be referred to by a different name, or may have been renamed, the links will take you to the appropriate listing in the table. According to the text of the bill, its purpose was to stabilize the economy in the wake of the 2008 recession and prevent economic disruption. The emergency economic stabilization act (eesa) is a financial regulation law adopted in 2008.
4 (a) short title.—this act may be cited as the 5 ''emergency economic stabilization act of 2008''.
It was the senate's october 2008 plan, and it became law. The emergency economic stabilization act of 2008, often called the bank bailout of 2008, was proposed by treasury secretary henry paulson, passed by the 110th united states congress. The emergency economic stabilization act prohibited federal regulators from exchanging funds for an ownership interest in banks. The act gives the treasury secretary the authority to buy up to $700 billion of troubled assets and restore liquidity in.
