Emergency Economic Stabilization Act of 2008 - $700 billion bailout law summary
The United States, to address the serious financial crisis had proposed the Emergency Economic Stabilization Act of 2008. The Act was passed by the Senate 74-25 on Wednesday, October 1, and by the House of Representatives 263-171 on Friday, October 3 and President George W. Bush signed the Act into law on October 3. Below is the summary of the “Emergency Economic Stabilization Act of 2008” or the $700 billion bailout law I. Stabilizing the Economy The Emergency Economic Stabilization Act of
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