Bailout Bill Text

  • The full text of the bill drafted in response to 2008 financial crisis was released on September 28, 2008. The bailout plan - officially called the Emergency Economic Stabilization Act of 2008 - calls for the U.S. government to buy up Wall Street's "toxic debt", the worst mortgage-related assets.Breitbart: Deal reached on financial markets bailout (September 28, 2008)

    The deal includes a measure that makes the government a stakeholder in companies they bailout, allowing recovery of taxpayer money if those companies grow in the future. The bill also recommended limits on executive compensation.Market Watch: Bailout bill unveiled, heads to House(September 28, 2008)

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