Emergency Economic Stabilization Act of 2008

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The Emergency Economic Stabilization Act of 2008 is a U.S. federal law enacted during the financial crisis to authorize large-scale government intervention, including the Troubled Asset Relief Program (TARP), to stabilize the financial system.

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal statute ⓘ
financial crisis response law ⓘ
acronym TARP-enabling legislation ⓘ
administeredBy United States Department of the Treasury ⓘ
alsoKnownAs Wall Street bailout law ⓘ
authorizesProgram Troubled Asset Relief Program ⓘ
billNumber H.R. 1424 ⓘ
codifiedIn Title 12 of the United States Code ⓘ
context 2007–2008 global financial crisis ⓘ
subprime mortgage crisis ⓘ
country United States of America ⓘ
surface form: United States
createsOversightBody Congressional Oversight Panel ⓘ
Financial Stability Oversight Council ⓘ
surface form: Financial Stability Oversight Board

Special Inspector General for the Troubled Asset Relief Program ⓘ
enactedBy 110th United States Congress ⓘ
establishes Office of Financial Stability (historical) ⓘ
surface form: Office of Financial Stability
FDICInsuranceIncreaseEffectivePeriod temporary during crisis ⓘ
FDICInsuranceLimitAfter 250000 USD ⓘ
FDICInsuranceLimitBefore 100000 USD ⓘ
grantsAuthorityTo Secretary of the Treasury ⓘ
includesProvision authority to inject capital into financial institutions ⓘ
authority to purchase troubled assets from financial institutions ⓘ
executive compensation restrictions for TARP recipients ⓘ
foreclosure mitigation and homeowner assistance measures ⓘ
increase in FDIC deposit insurance limits ⓘ
insurance program for troubled assets ⓘ
mark-to-market accounting study requirement ⓘ
reporting requirements to Congress on TARP transactions ⓘ
warrants or equity stakes for the federal government in assisted institutions ⓘ
initialTARPAuthorization 700000000000 USD ⓘ
laterTARPReduction 475000000000 USD ⓘ
legislativeChamberOfOrigin United States House of Representatives ⓘ
legislativeType omnibus bill ⓘ
maximumAuthorizedAmount 700000000000 USD ⓘ
politicalDebate bailout of Wall Street financial institutions ⓘ
moral hazard concerns ⓘ
taxpayer risk and potential losses ⓘ
primaryPurpose stabilize the United States financial system during the 2007–2008 financial crisis ⓘ
publicLawNumber Public Law 110-343 ⓘ
relatedProgram Automotive Industry Financing Program ⓘ
Capital Purchase Program ⓘ
Public-Private Investment Program ⓘ
requires periodic audits by the Government Accountability Office ⓘ
shortName EESA ⓘ
signedBy George W. Bush ⓘ
signingDate 2008-10-03 ⓘ
sunsetProvision limits new TARP commitments to a defined period ⓘ
title Emergency Economic Stabilization Act of 2008 self-link ⓘ
yearOfEnactment 2008 ⓘ

How these facts were elicited

Referenced by (18)

Full triples — surface form annotated when it differs from this entity's canonical label.

Office of Financial Stability (historical) → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
110th United States Congress → passedAct → Emergency Economic Stabilization Act of 2008 ⓘ
Troubled Asset Relief Program → legislatedBy → Emergency Economic Stabilization Act of 2008 ⓘ
Troubled Asset Relief Program → mainRegulatoryText → Emergency Economic Stabilization Act of 2008 ⓘ
Automotive Industry Financing Program → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
Emergency Economic Stabilization Act of 2008 → title → Emergency Economic Stabilization Act of 2008 self-link ⓘ
Public Law 110-343 → shortTitle → Emergency Economic Stabilization Act of 2008 ⓘ
Congressional Oversight Panel → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
Special Inspector General for the Troubled Asset Relief Program → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
Special Inspector General for the Troubled Asset Relief Program → createdBy → Emergency Economic Stabilization Act of 2008 ⓘ
Mental Health Parity and Addiction Equity Act of 2008 → partOf → Emergency Economic Stabilization Act of 2008 ⓘ
this entity surface form: Emergency Economic Stabilization Act of 2008 (as a rider)
FDIC insurance limit → wasTemporarilyIncreasedBy → Emergency Economic Stabilization Act of 2008 ⓘ
Helping Families Save Their Homes Act of 2009 → relatedTo → Emergency Economic Stabilization Act of 2008 ⓘ
Capital Purchase Program → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
Asset Guarantee Program → legalFramework → Emergency Economic Stabilization Act of 2008 ⓘ
Public-Private Investment Program → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
this entity surface form: Emergency Economic Stabilization Act of 2008 (via TARP authority)
Home Affordable Modification Program → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ
AIFP → legalBasis → Emergency Economic Stabilization Act of 2008 ⓘ