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Transportation and Fuel Components of the Bailout Bill

Posted on October 05, 2008

The Emergency Economic Stabilization Act of 2008 (EESA 2008), a rework of the Wall Street bailout bill by the US Senate, was passed by the US House on Friday and shortly thereafter signed into law by President Bush. During the past week, EESA 2008 rapidly became more than only a bill directed at stabilizing the financial sector: the final legislation consists of three main parts (divisions).The first is the stabilization component, the actual Emergency Economic Stabilization Act of 2008, which provides the $700 billion for dealing with troubled assets. The second is the Energy Impr...

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