But the House of Representatives uses Aye and No in other sorts of votes. This bill was approved by a vote of 74-25. How to Follow the Money, Clifford Durand and Violence Against Women Allowed on Twitter, Marc Randazza Learns a Hard Lesson on Loyalty and Life, Is Devin McCahey Going to Shoot Up Iowa State University, The Media Push to Normalize Pedophilia Begins, How to Write About Free Speech Without Being Called a Misogynist, An Open Letter to the #Cuckservative Chattering Class, What It's Like Meeting a Woman Who Doesn't Exist, Danger & Play - An online magazine for alpha males, Film and Television Productions (Sec. 2 (a) SHORT TITLE.-This Act may be cited as the 3 ''Emergency Economic Stabilization Act of 2008''. Wielding the extraordinary discretion recently granted to it by Congress, the US government announced a plan to inject $250 billion of capital directly into the US banking system, to guarantee the short-term debt of most US banks and thrifts and to eliminate FDIC insurance limits for noninterest bearing accounts. 1664 (111th): To amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable . This . 1572, the "Taxpayer Protection Act," which would subject any entity that received assistance under the Emergency Economic Stabilization Act of 2008 to a bonus tax rate of 90 percent. All Senate votes use these words. Study guides are a new feature to GovTrack. Statistically notable votes are the votes that are most surprising, or least predictable, given how other members of each voters party voted and other factors. Simple Majority Over the weekend of September 27-28, it appeared that the U.S. House had reached agreement on a massive bill, the Emergency Economic Stabilization Act of 2008 (Act), designed to help put the U.S. financial sector back on its feet and calm Wall Street's fears. Emergency Economic Stabilization Act of 2008 - Ehraz Ahmed Emergency Economic Stabilization Act of 2008. Keep in mind what this specific vote was on, and the context of the bill. Comments (5). September 28, 2008. The bill now goes to President Bush, who is expected to sign it promptly. This was a vote to pass H.R. Also found in: Acronyms . PDF The Emergency Economic Stabilization Act and Current Financial Turmoil Now were on Instagram too! Oct. 3, 2008 [H.R. after a narrow rejection by the u.s. house of representatives on september 29, approval by a comfortable margin by the u.s. senate on october 2 and passage by the house on october 3 in a turn around from the september 29 vote, the emergency economic stabilization act of 2008 became law with the president's signature on october 3, 2008.1the shift 110-343) authorized the Department of the Treasury (Treasury) to purchase or guarantee troubled assets and other financial instruments, provided that the total purchase price paid for assets held by the Secretary at anyone time not exceed $700 billion. That's right: No one can explain why. FreedomWorks strongly opposes this bill because it rewards those institutions which caused the financial collapse in the first place by making reckless loans. Heaven help us. Non-partisan and nonprofit since 1988. . If youve visited a bill page on GovTrack.us recently, you may have noticed a new study guide tab located just below the bill title. On September 29, the House considered but was unable to pass EESA. Emergency Economic Stabilization Act of 2008 - Oct. 03, 2008 | Archives of Women's Political Communication Under the plan, the Secretary . 1424/P.L. PDF DIVISION AEMERGENCY ECONOMIC STABILIZATION - Congress These are our leaders. Congressman Thompson on Emergency Economic Stabilization Act Score: 4.2/5 (73 votes) . We just need to. just because really bad stuff with happen if we don't go along. I think you are mistaken 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. The New American magazine, published twice a month in print and daily online, is the essential news source for freedom-loving Americans. Source: house.gov. 1586, which passed the House by a vote of 328-93. . The Voter's Self Defense System - Vote Smart How so? H.R. Emergency Economic Stabilization Act of 2008 - Govern Info PDF Emergency Economic Stabilization Act of 2008 - Center for Agricultural The Great Reset and Transgenderism | Beyond the Cover, Top Dems Finally Hit by the Illegal-alien Crime Theyve Enabled, College Students: America Is Racist, Socialism Is Great, and People Who Say Offensive Things Should Be Executed. Do you agree with how your representative voted? Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. (1) conflicts arising in the selection or hiring of Limit: 40 - update: 36 spots left. This is an archive of past discussions. Voted for Freedom. The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. Emergency Economic Stabilization Act of 2008 - Ballotpedia 419 Hart Senate Office Building Wash. D.C. 20510 (202-224-3232), Clean Energy Jobs and Oil Company Accountability, The New Health Reform Law (Affordable Care Act), Extension and Modification of Production Tax Credit, Long-term Extension and Modification of the Residential Energy-EfficientProperty Credit, New Clean Renewable Energy Bonds ("CREBs"), Carbon Capture and Sequestration (CCS) Demonstration Projects, Solvency for the Black Lung Disability Trust Fund, Refund of Coal Excise Taxes Unconstitutionally Collected from Exporters, Incentives for Idling Reduction Units and Advanced Insulation for HeavyTrucks, Expansion of Allowance for Cellulosic Biofuels Property, Extension of Biodiesel Production Tax Credit; Extension and Modification of Renewable Diesel Tax Credit, Extension and Modification of Alternative Fuels Credit, Extension and Expansion of the Alternative Refueling Stations Credit, Publicly Traded Partnership Income Treatment of Alternative Fuels, Extension and Modification of Credit for Energy-Efficiency Improvements toExisting Homes, Extension of Energy-Efficient Buildings Deduction, Extension of Credit for Energy-Efficiency Improvements to New Homes, Modification and Extension of Energy-Efficient Appliance Credit, Accelerated Depreciation for Smart Meters and Smart Grid Systems, Extension and Modification of Qualified Green Building and Sustainable DesignProject Bond, Basis Reporting by Brokers on Sales of Stock, Extension and Modification of AMT Credit Allowance Against Incentive Stock Options (ISOs), Deduction of State and Local General Sales Taxes, Additional Standard Deduction for Real Property Taxes, Treatment of Certain Dividends of Regulated Investment Companies (RICs), Estate Tax Look-Through for Certain RIC Stock held by Nonresidents, Extend the Treatment of RICs as "Qualified Investment Entities", Exception under Subpart F for Active Financing Income, Look-Through Treatment of Payments between Related CFCs under the ForeignPersonal Holding Company Rules, 15-Year Straight-Line Cost Recovery for Qualified Leasehold, Restaurant, andRetail Improvements, Modification of Tax Treatment of Certain Payments to Controlling ExemptOrganizations, Basis Adjustment to Stock of an S Corporation Making Charitable Contributions ofProperty, Temporary Increase in Limit on Cover over of Rum Excise Tax Revenues to PuertoRico and the Virgin Islands, American Samoa Economic Development Credit, Election to Expense Advanced Mine Safety Equipment, Deduction Allowable with Respect to Income Attributable to Domestic Production Activities in Puerto Rico, Accelerated Depreciation for Business Property on Indian Reservation, Extend and Expand 50% Tax Credit for Certain Expenditures for MaintainingRailroad Tracks, 7-Year Recovery Period for Certain Motorsports Racetrack Property, Expensing of "Brownfields" Environmental Remediation Costs, Extend Work Opportunity Tax Credit (WOTC) for Hurricane Katrina Employees, Extension of Increased Rehabilitation Credit for Structures in the Gulf OpportunityZone, Enhanced Charitable Deduction for Qualified Computer Contributions, Tax Incentives for Investments in the District of Columbia, Enhanced Charitable Deduction for Food Inventory, Enhanced Charitable Deduction for Contributions of Book Inventory to Schools, Special Expensing Rules for Certain Film and Television Productions, Permanent Authority for Undercover Operations, Permanent Authority to Disclose Information Related to Terrorist Activities, Provisions Related to Film and Television Productions, Excise Tax Exemption for Wooden Practice Arrows Used by Children, Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Actof 2008, Income Averaging for Exxon Valdez Litigation Amounts, Certain Farming Business Machinery and Equipment Treated as 5-year Property, Modification of Penalty on Understatement of Taxpayer's Liability by Tax ReturnPreparer, Relief for all counties declared eligible for assistance, Qualified Disaster Recovery Assistance Distributions, Recontribution of Withdrawals for Home Purchases, Special Look-Back Rule for EIC and Refundable Child Credit, Additional Personal Exemption for Housing Victims, Exclusion for Certain Cancellations of Indebtedness, Extension of Replacement Period for Property Lost Due to Floods or Tornadoes inthe Midwestern Disaster Zone, Relief for all counties declared eligible for individual assistance or individual and public assistance, Expansion of Hope Scholarship and Lifetime Learning Credit, Secretarial Authority to Adjust Taxpayer and Dependency Status for Taxpayers, Expensing Environmental Remediation Costs, Five-year Net Operating Loss Carryback for Certain Amounts, Temporary Suspension of Limitations on Charitable Contributions, Increase in Standard Mileage Rate for Charitable Use of Vehicles, Exclusion from Income of Mileage Reimbursements for Charitable Volunteers, Tax Benefits Not Available with Respect to Certain Property, Treatment of Net Operating Losses Attributable to Qualified Disaster Casualty Expenses. September 28, 2008 Press Release Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets--including requiring a plan to ensure the taxpayer is repaid in full. Definitions. Emergency Economic Stabilization Act of 2008 - Congressional Budget Office This is a project of Civic Impulse, LLC. 18 contractors or advisors, including asset managers; (3) the management of the troubled assets held; (4) post-employment restrictions on employees; Emergency Economic Stabilization Act of 2008 & American | Studymode Sign Up. In the Senate some votes are not about legislation at all, since the Senate must vote to confirm presidential nominations to . So clearly complex market transactions can be explained to an untrained audience. The rest of the story is here. | HAVE OUR BACKS. Sec. SHORT TITLE AND TABLE OF CONTENTS. Emergency Economic Stabilization Act of 2008 - Stabilization Act of Non-partisan and nonprofit since 1988. . Sanders Amendment: This amendment would impose a10 percent surtax on couples with income over $1 million and on individuals with income over $500,000. How well do you understand this vote? Over the weekend of September 27-28, it appeared that the U.S. House had reached agreement on a massive bill, the Emergency Economic Stabilization Act of 2008 (Act), designed to help put the U.S. financial sector back on its feet and calm Wall Streets fears. This total scam called the Emergency Economic Stabilization Act of 2008 supposedly offers "market transparency." Impact Of The Emergency Economic Stabilization Act And Related - Mondaq . In other words, it's Paulson's call what to disclose! We have assigned pluses to the nays because the bill establishes an unconstitutional merger of government with banks and businesses in other words, corporate fascism and greatly increases the national debt and monetary inflation by forcing taxpayers to pay the price for the failures of private financial institutions. 1. The Alternative Minimum Tax Relief Act of 2008 passed along with a number of other tax provisions as part of H.R. Statutory Notes and Related Subsidiaries Short Title of 2010 Amendment Bailout Bill. 312). Will there be amendments? 502), Wooden Arrows designed for use by children (Sec. No Voted for Freedom 137 Voted Against Freedom 230 Proxy Votes 0 Government Spending This bill would provide a $700 billion bailout for the financial industry. Copyright 2022 Iowa State University of Science and Technology. The vehicle for this economic package will be a substitute to the Amendment to H.R. 03 Nov 2022 15:47:17 Comments (2). Paulson's sole goal under this legislation is to make his rich friends richer. The Emergency Economic Stabilization Act of 2008 (EESA, enacted as P.L. The U.S. Constitution says that bills should be decided on by the yeas and nays (Article I, Section 7). We hope that with your input we can make GovTrack more accessible to minority and disadvantaged communities who we may currently struggle to reach. The Senate took up its own version of the Act and passed it on October 1 by a 74-25 margin. Not all votes are meant to pass legislation. Emergency Economic Stabilization Act of 2008: Bail Out Bill Draft I've spoken to them and I know they share my great disappointment. The bailout plan also expands FDIC protection from $100,000 to $250,000 per bank account, extends dozens of expiring tax provisions, expands incentives for renewable energy, provides a one-year adjustment to exempt millions of Americans from the alternative minimum tax, and requires health insurers who provide mental-health coverage to put mental-health benefits on par with other medical benefits. [October 3, 2008 | U.S. House of Representatives, Washington, DC] Madam Speaker, it is with significant reluctance and reticence that I will vote yes, on final passage, of the Economic Recovery Act. Include Deferred Compensation Paid by Certain Tax Indifferent Parties. Pelosi cannot even grasp basic English, and she is third in line for the Presidency. You can help us improve them by filling out this survey or by sending your feedback to hello@govtrack.us. Our mission is to empower every American with the tools to understand and impact Congress.

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