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Public Law 110-343 — Emergency Economic Stabilization Act of 2008 (H.R. 1424, October 3, 2008)

110th Congress of the United States (published by the U.S. Government Publishing Office).

Claims Supported by This Source

  1. Enacted on October 3, 2008. Division A is the Emergency Economic Stabilization Act (EESA), and Title I is the Troubled Assets Relief Program (TARP).
  2. Section 115: The Secretary of the Treasury's authority to purchase troubled assets is graduated. $250 billion upon enactment, $350 billion upon the President's written certification to Congress, and up to $700 billion if the President submits a plan and a joint resolution of disapproval is not enacted within 15 days (all figures are outstanding balance limits at any one time).
  3. Section 136: Temporarily increases the standard maximum deposit insurance amount from $100,000 to $250,000 (from the date of enactment until December 31, 2009). The same applies to credit union insurance.

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