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HR 3997 is the Emergency Economic Stabilization Act of 2008. The bill is to "provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes." It was introduced September 28, 2008.
What else can I help you with?
Now that the 2008 Federal Bailout Bill was passed is it a good time to buy or sell real estate?
sell real estate
Who created the federal bailout bill?
I think it is Henry Paulson the US Treasury secretary.
What are the release dates for Now with Bill Moyers - 2002 Behind the Bailout?
Now with Bill Moyers - 2002 Behind the Bailout was released on: USA: 26 September 2008
How did the House of Representatives vote on the 2008 bailout bill?
They all sat down together and talked about it.
Why did president Wilson established the federal reserve system?
President Wilson did not establish the Federal Reserve. It was rushed through Congress on the last day before Christmas break. Many members were absent and none of them had a chance to study the bill. It was written by a banker, lobbied for by bankers, and benefits only the bankers. Exactly the same methods were used to pass the bailout bill in 2008.
Use the word stimulating in a sentence?
Some say the bailout bill of 2008 will stimulate our economy, while others believe it will hinder it.
How did they vote on the bailout plan?
They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets.. Without majority in the house the bailout would not have come into existence
Which senators voted for and against the rejected first draft of the 2008 US Federal Bailout bill?
The first draft was only rejected by the House, so no Senators voted on it. The first version of the bill to reach the Senate was passed. Here is the roll call of the Senate vote: http://www.govtrack.us/congress/vote.xpd?vote=s2008-213
Why did the 700 Billion Bailout plan fail?
As of today (Oct 2, 2008) it is too early to say the plan failed. The bill as presented in the House of Representatives on September 29, 2008 did not have the necessary votes to pass. Various reasons have been given for its initial failure to pass, including the unpopularity of the bill among residents (as gauged by polls) and the lack of oversight. However, a revised bill now has passed the Senate as of Oct 1, 2008. See "bailout deal" under Wikipedia for additional details.
What is the bailout bill?
See http://en.wikipedia.org/wiki/Bailout_deal
What is the Financial bailout bill?
See: http://en.wikipedia.org/wiki/Bailout_deal
What was the Senate bailout bill vote count?
The Senate bailout bill, formally known as the Emergency Economic Stabilization Act of 2008, was passed with a vote count of 74 in favor and 25 against. This legislation aimed to address the financial crisis by providing financial assistance to banks and other financial institutions. The bipartisan support reflected the urgency of the economic situation at the time.
