Summary of the Emergency Economic Stabilization Act of 2008 (“EESA”)
October 3, 2008 at 5:56 pm stinsonbanking Leave a comment
On October 3, 2008, the President signed into law the Emergency Economic Stabilization Act of 2008 (“EESA”). EESA is an attempt by Congress to restore liquidity and stability to the United States financial system by, among other things, authorizing the Secretary of the Treasury to purchase or guarantee payment of troubled assets currently held by financial institutions.
Stinson Morrison Hecker LLP has prepared a 22-page section-by-section summary of EESA (including a 3-page executive summary of EESA). A copy of the full text of EESA is also available.
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Entry filed under: Client Alerts, EESA. Tags: .
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