EESA
E666583
EESA is a 2008 U.S. federal law that authorized the Treasury to address the financial crisis by purchasing troubled assets and stabilizing the banking system.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Emergency Economic Stabilization Act of 2008 | 0 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
financial crisis response law ⓘ |
| acronym | TARP NERFINISHED ⓘ |
| aimedTo |
restore confidence in financial markets
ⓘ
stabilize the banking system ⓘ |
| alsoKnownAs | Wall Street bailout ⓘ |
| appliesToSector |
banking
ⓘ
financial services ⓘ |
| authorizedAction |
inject capital into financial institutions
ⓘ
insure troubled assets ⓘ purchase troubled assets ⓘ |
| authorizedAgency | United States Department of the Treasury NERFINISHED ⓘ |
| authorizedProgram | Troubled Asset Relief Program NERFINISHED ⓘ |
| branchOfGovernmentImplementing | executive branch of the United States NERFINISHED ⓘ |
| codifiedIn | Public Law 110-343 NERFINISHED ⓘ |
| containsProvision |
executive compensation limits for certain firms receiving assistance
ⓘ
oversight mechanisms for Treasury’s use of TARP funds ⓘ reporting requirements to Congress ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| crisisAddressed |
credit market freeze in 2008
ⓘ
subprime mortgage crisis ⓘ |
| dateSigned | 2008-10-03 ⓘ |
| enactedDuring | global financial crisis of 2007–2008 ⓘ |
| enactedInYear | 2008 ⓘ |
| includesProgramType |
asset purchase program
ⓘ
capital purchase program ⓘ |
| legalBasisFor | capital injections into major U.S. banks in 2008 ⓘ |
| legislativeChamberInvolved |
United States House of Representatives
NERFINISHED
ⓘ
United States Senate NERFINISHED ⓘ |
| maximumAuthorizedAmountUSD | 700000000000 ⓘ |
| officeHolderAtSigning | President of the United States ⓘ |
| oversightBodyCreated |
Congressional Oversight Panel
NERFINISHED
ⓘ
Financial Stability Oversight Board NERFINISHED ⓘ |
| passedBy | United States Congress NERFINISHED ⓘ |
| policyArea |
banking regulation
ⓘ
economic stabilization ⓘ financial market intervention ⓘ |
| primaryPurpose |
address the 2008 financial crisis
ⓘ
stabilize the U.S. financial system ⓘ |
| relatedTo |
Dodd–Frank Wall Street Reform and Consumer Protection Act
NERFINISHED
ⓘ
Housing and Economic Recovery Act of 2008 NERFINISHED ⓘ |
| shortName | EESA NERFINISHED ⓘ |
| signedBy | George W. Bush ⓘ |
| subjectOfDebate |
moral hazard in financial markets
ⓘ
use of taxpayer funds to support private financial institutions ⓘ |
| title | Emergency Economic Stabilization Act of 2008 NERFINISHED ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.