H.R. 1424
E666584
H.R. 1424 is the U.S. House of Representatives bill that became the Emergency Economic Stabilization Act of 2008, authorizing the federal government’s major financial-sector bailout during the 2008 crisis.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal bill
ⓘ
United States public law ⓘ |
| authorizesAgency | United States Department of the Treasury NERFINISHED ⓘ |
| authorizesProgram | Troubled Asset Relief Program NERFINISHED ⓘ |
| authorizesSpendingUpTo | 700 billion United States dollars ⓘ |
| country | United States of America ⓘ |
| createdOffice | Office of Financial Stability NERFINISHED ⓘ |
| createdOversightBody |
Congressional Oversight Panel
NERFINISHED
ⓘ
Financial Stability Oversight Board NERFINISHED ⓘ |
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| hasAcronym |
EESA
NERFINISHED
ⓘ
EESA 2008 NERFINISHED ⓘ |
| hasComponent |
Troubled Asset Relief Program
NERFINISHED
ⓘ
bank capital purchase program ⓘ executive compensation restrictions ⓘ insurance for troubled assets ⓘ mental health parity provisions ⓘ mortgage and foreclosure mitigation provisions ⓘ oversight and accountability mechanisms ⓘ tax provisions and extensions ⓘ |
| hasEffect |
expanded federal role in financial markets
ⓘ
increased federal government financial commitments during the 2008 crisis ⓘ provided capital injections to major U.S. financial institutions ⓘ |
| hasJurisdiction | federal government of the United States NERFINISHED ⓘ |
| hasPresidentAtEnactment | George W. Bush NERFINISHED ⓘ |
| hasPublicLawNumber | Public Law 110-343 NERFINISHED ⓘ |
| hasPurpose |
to authorize the United States Department of the Treasury to purchase troubled assets
ⓘ
to restore liquidity and stability to the financial system ⓘ to stabilize the United States financial system during the 2008 financial crisis ⓘ |
| hasShortTitle | Emergency Economic Stabilization Act of 2008 NERFINISHED ⓘ |
| hasTitle | Emergency Economic Stabilization Act of 2008 NERFINISHED ⓘ |
| isAlsoKnownAs |
Wall Street bailout
ⓘ
bailout bill of 2008 ⓘ |
| legislativeChamberOfOrigin | House of Representatives NERFINISHED ⓘ |
| regulates |
executive compensation at participating financial institutions
ⓘ
financial institutions holding troubled assets ⓘ |
| relatesToEvent |
2008 financial crisis
ⓘ
Great Recession NERFINISHED ⓘ |
| relatesToPolicyArea |
banking
ⓘ
economic stabilization ⓘ financial regulation ⓘ mental health ⓘ taxation ⓘ |
| sector | financial sector ⓘ |
| wasIntroducedIn | United States House of Representatives NERFINISHED ⓘ |
| wasIntroducedInCongress | 110th United States Congress NERFINISHED ⓘ |
| wasSignedIntoLawBy | George W. Bush NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.