The Emergency Economic Stabilization Act of 2008: Initial highlights, issues and implementation

The Emergency Economic Stabilization Act of 2008: Initial highlights, issues and implementation
Download The Emergency Economic Stabilization Act of 2008: Initial highlights, issues and implementation

On October 3, 2008, the Congress passed and the President signed into law the Emergency Economic Stabilization Act of 2008 (the "Act" or "EESA"). During its short legislative history, the Act bore a number of descriptions -- from the Troubled Asset bill, to the Economic Rescue bill, to the Bailout bill and worse. It is now secure in its identity as EESA and its overriding legislative purpose -- "to restore liquidity and stability to the financial system of the United States."