FINDLAW: EMERGENCY ECONOMIC STABILIZATION ACT OF 2008


(U.S. Congress) – Text of the Emergency Economic Stabilization Act of 2008 passed by Congress and signed by President Bush October 3, 2008. The financial bailout package includes numerous tax breaks added to the bill by the Senate, including an AMT patch, individual and business tax extenders, energy incentives, and disaster tax relief. It also contains an extension for home mortgage debt forgiveness relief, and a tax crackdown on compensation and severance pay for certain financial executives, and parity for mental health coverage in group health plans. .

Related Resources
• Thomson Reuters Press Release and Description of the Act
• Read the Version the House Voted Down on Monday