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H.R.1424 Add to

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Emergency Economic Stabilization Act of 2008

To amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, and section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans.

previous 110th session of congress
OpenCongress Summary:
This bill would allow the government to use up to $700 billion in taxpayer money - $350 billion initially, and the rest with Congress's approval - to buy troubled assets from struggling financial institutions. It would also establish a program whereby the government would offer insurance to companies for their assets rather than buying them. It would also establish "appropriate standards" for the compensation of executives at companies that sell assets to the government, create a congressional oversight panel and require the government to collect warrants from bailed out companies so they can collect part of any profits that may result from the bailout. The size of bank deposits that the FDIC can insure would also be raised, from $100,000 to $250,000.

Additionally, the bill contains a one-year patch of the alternative minimum tax, a mental health parity provision requiring insures that offer mental health coverage to do so in parity with their medical and surgical coverage, a renewable energy tax credit, tax relief for disaster victims, and many other unrelated tax relief provisions.

The full text of the bill can be read at PublicMarkup.org
Other Bill Titles (20 more)

10/3/2008--Public Law. (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)
Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief P... more

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Amendments

This bill has 5 amendments. See All Amendments



Bill Status

Make a Bill Status Widget What's This?
IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultThis Bill Has Become Law
March 09, 2007March 05, 2008October 01, 2008October 03, 2008October 03, 2008

Latest Vote

October 03, 2008Roll call number 681 in the House
Question: On Motion to Concur in Senate Amendments: H R 1424 Emergency Economic Stabilization Act of 2008
Required percentage of 'Aye' votes: 1/2 (50%) Percentage of 'aye' votes: 60% Result: Passed

See Full Voting History (6 votes)     Show All Actions (56 actions)

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In the News feed

December 27, 2008 WETZSTEIN: Glimmers of good in the news of '08

In October, President Bush signed HR 1424 to restore confidence in sagging credit markets. Tucked inside was a mental health insurance parity provision, ...

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Source: Washington Times, DC


December 14, 2008 AIG Defies US Taxpayers by Promoting Sharia in America

... Securities Exchange Commission, and Department of Treasury carry out their fiduciary responsibilities under HR 1424 to act as the Financial Stability ...

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Source: Global Politician, NY


December 10, 2008 Despite Tough Economy, Southwest Windpower Posts Record Sales and ...

In October, as part of the Emergency Economic Stabilization Act of 2008, HR 1424, a federal-level tax credit for qualified small wind turbines was approved, ...

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Source: MarketWatch


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May 01, 2009 Not One Cent: Obama Ruined Budget for Obama: Inherited Deficit ...

Save the endangered American saver by opposing any housing bailout. "Millions for Defense, Not One Cent for Tribute" --The battle cry of Americans rejecting 18th-Century extortion. Loading. ...

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Source: Not One Cent


April 20, 2009 How To Determine If Your Movement Has Ideological Purity… « In One ...

How To Determine If Your Movement Has Ideological Purity… 2009 April 20. tags: politics, current events, john mccain, balanced budget, wordpress-political-blogs, deficit spending, TARP, stimulus, tea party, omnibus. by Marc ...

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Source: In One Ear... Out the Other


March 29, 2009 Must everything be earmarked?

Must everything be earmarked? Posted by Bill Allison, March 29th, 2009 · No Comments. Columnist George Will argues that the Emergency Economic Stabilization Act of 2008 — the bailout bill that set up TARP, is unconstitutional because it ...

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Source: Real Time Investigations with Bill Allison...


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