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HR1424
Public Law 110-343 () is a US Act of Congress signed into law by U.S. President George W. Bush, which was designed to mitigate the growing Late-2000s financial crisis, financial crisis of the late-2000s by giving relief to so-called "Troubled Assets." Three divisions ''Emergency Economic Stabilization Act of 2008'' The ''Emergency Economic Stabilization Act of 2008'' is part of an effort to bailout, bail out firms holding mortgage-backed securities in an attempt to restore liquidity to the credit markets. ''Energy Improvement and Extension Act of 2008'' The ''Energy Improvement and Extension Act of 2008'' contains a new tax credit for plug-in hybrid electric vehicles for less than a year after the first 250,000 are sold. The credit is a base $2,500 plus $417 for each kWh of battery pack capacity in excess of 4 kWh to a maximum of $15,000 for any vehicle with a gross vehicle weight rating of more than and up to $7,500 for 12 kWh or more in passenger cars (vehicles up to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Economic Stabilization Act Of 2008
The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. It became law as part of Public Law 110-343 on October 3, 2008, in the midst of the financial crisis of 2007–2008. It created the $700 billion Troubled Asset Relief Program (TARP) to purchase toxic assets from banks. The funds were mostly redirected to inject capital into banks and other financial institutions while the United States Department of the Treasury, Treasury continued to examine the usefulness of targeted asset purchases. A financial crisis had developed throughout 2007 and 2008 partly due to a subprime mortgage crisis, causing the failure or near-failure of major financial institutions like Lehman Brothers and American International Group. Seeking to prevent the collapse of the financial system, Secretary of the Treasury Paulson call ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Extenders And Alternative Minimum Tax Relief Act Of 2008
Public Law 110-343 () is a US Act of Congress signed into law by U.S. President George W. Bush, which was designed to mitigate the growing financial crisis of the late-2000s by giving relief to so-called "Troubled Assets." Three divisions ''Emergency Economic Stabilization Act of 2008'' The ''Emergency Economic Stabilization Act of 2008'' is part of an effort to bail out firms holding mortgage-backed securities in an attempt to restore liquidity to the credit markets. ''Energy Improvement and Extension Act of 2008'' The ''Energy Improvement and Extension Act of 2008'' contains a new tax credit for plug-in hybrid electric vehicles for less than a year after the first 250,000 are sold. The credit is a base $2,500 plus $417 for each kWh of battery pack capacity in excess of 4 kWh to a maximum of $15,000 for any vehicle with a gross vehicle weight rating of more than and up to $7,500 for 12 kWh or more in passenger cars (vehicles up to ). It also extends existing ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
