Recovery Rebates and Economic Stimulus for the American People Act of 2008
To provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an increase in conforming and FHA loan limits.
previous 110th session of congressThis is the old economic stimulus package from the previous session of Congress. The one from President Obama being debated currently can be viewed at the link below:
H.R. 1 - American Recovery and Reinvestment Act of 2009 (conference report bill text)
This bill, H.R. 5140, is designed to inject money into the economy through individual tax rebates, business tax incentives and increasing the number of loans the FHA and GSEs are allowed to buy up or insure. It would phase out the tax rebates for individuals with an adjusted gross income above $75,000 and for couples above $150,000. The bill totals $145.9 billion, but the business tax incentives, which encourage investment in FY08, would bring the total cost down to $117.2 billion over ten years.
2/13/2008--Public Law. (This measure has not been amended since it was passed by the Senate on February 7, 2008. The summary of that version is repeated here.)
Economic Stimulus Act of 2008 - Title I: Recovery Rebates and Incentives for Business Investment -
(Sec. 101) Ame... more
Committees
Amendments
This bill has 35 amendments. See All Amendments
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | This Bill Has Become Law |
| January 28, 2008 | January 29, 2008 | February 07, 2008 | February 13, 2008 | February 13, 2008 |
Latest Vote
| February 07, 2008Roll call number 42 in the House | |||
| Question: On Agreeing to the Senate Amendment: H R 5140 Recovery Rebates and Economic Stimulus for the American People Act of 2008 | |||
| Required percentage of 'Aye' votes: 1/2 (50%) | Percentage of 'aye' votes: 88% | Result: Passed | |
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Videos of H.R.5140
In the News
December 12, 2008 Getting your share of the bailout
So overnight the geniuses passed HR 5140, "The Stimulus Act of 2008," on Feb. 13. At light speed for the federal government, checks for a whopping $600 sped ...
November 17, 2008 From âWashington consensusâ to âWashington confusionâ
This action was initiated and completed with an enactment of the Economic Stimulus Act of 2008 (HR 5140) on February 13, 2008. The HR 5140 was designed to ...
November 17, 2008 Good Time To Buy
Remember HR 5140, the Economic Stimulus Package of 2008 that President Bush signed last February? This legislation also enacted incentives to spur business ...
Blog Coverage
January 31, 2009 Eclectique|916 » The Presidentâs Weekly Address: The Economic ...
The Presidentâs Weekly Address: The Economic Crisis - The Good and Bad News. Saturday, 31 January 2009, 10:27 | Category : Barack Obama, Eclectique Citizen, The Economy Tags : H.R. 5140, stimulus bill ...
Source: Eclectique|916
January 06, 2009 Foreclosures Round Two?
... HR 3221 · HR 3915 · HR 5140 · HR 5830 · HR 6254 · Lending Ethics · loan modifications · MBA Convention · Mortgage Fraud · Mortgage Industry Legislation · mortgage industry regulation
December 30, 2008 THE WANDERING TAX PRO: 2008 - THE TAX YEAR IN REVIEW
Economic Stimulus Act of 2008 (H.R. 5140) · Food, Conservation, and Energy Act of 2008 (AKA The Farm Bill) · Heroes Earnings Assistance and Relief Tax Act of 2008 (H.R. 6081) · Housing Assistance Tax Act of 2008 (H.R. 3221) ...
Source: THE WANDERING TAX PRO











