H. R. 1424 As Amended
Sponsor: PATRICK KENNEDY (D-RI)
Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial institution, in accordance with terms, conditions, policies, and procedures the Secretary develops. Directs the Secretary to establish within the Office of Domestic Finance of the Department of the Treasury an Office of Financial Stability, through which TARP shall be implemented. Authorizes the Secretary to: (1) designate financial institutions as financial agents of the federal government; and (2) establish vehicles to purchase, hold, and sell troubled assets and issue obligations.
Health Topic assigned by the Congressional Research Service. CRS gives each bill one topic, based on the bill as introduced. This one carries 318 subject terms, so it spans well beyond that single label.
Who won, and how much of the country was behind them
The dotted gap is 1.1% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 74 | 81.3% |
| Nay | Lost | 25 | 17.6% |
| Not represented on this question | No position taken | 0 | 1.1% |