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Emergency Economic Stabilization Act of 2008
Bill of vote Emergency Economic Stabilization Act of 2008 +
Billnumber H1424 +
Chamber 111th United States Congress + , U.S. Senate +
Congress number 110th +
Congressnumber 110 +
Drum Major Institute 2008 House Scorecard description Middle-class Americans, no matter how far Middle-class Americans, no matter how far removed from Wall Street, will be adversely affected by the crisis in finance and credit that now grips our economy. Government action is absolutely necessary to ensure that middle-class Americans’ standard of living does not suffer gravely from the credit crisis. Yet, EESA is not the legislation middle-class Americans need. Instead of a top-down bailout, credit markets should be stabilized from the bottom up. To the extent that a direct investment in the financial services industry is made, it should complement large-scale mortgage restructuring and foreclosure prevention efforts and the re-regulation of the financial services industry. This would not only benefit struggling homeowners, but is widely understood to be part of an effective strategy to aid financial markets through stabilized payment streams. Reshaping the mortgage landscape by creating an institution modeled on the New Deal’s Home Owners’ Loan Corporation, permitting modification of primary mortgages in bankruptcy, and a moratorium on foreclosures are all desirable steps. While last-minute additions to the bailout package—energy efficiency initiatives, protection of the middle class from the AMT, and a mental health parity bill—are positive for the middle class and should become law, they are not relevant to this bill and should be enacted separately. his bill and should be enacted separately.
Drum Major Institute 2008 House Scorecard position Nay +
Drum Major Institute 2008 House Scorecard source Http://www.drummajorinstitute.org/library/report.php?ID=63 +
Drum Major Institute 2008 Senate Scorecard description Middle-class Americans, no matter how far Middle-class Americans, no matter how far removed from Wall Street, will be adversely affected by the crisis in finance and credit that now grips our economy. Government action is absolutely necessary to ensure that middle-class Americans’ standard of living does not suffer gravely from the credit crisis. Yet, EESA is not the legislation middle-class Americans need. Instead of a top-down bailout, credit markets should be stabilized from the bottom up. To the extent that a direct investment in the financial services industry is made, it should complement large-scale mortgage restructuring and foreclosure prevention efforts and the re-regulation of the financial services industry. This would not only benefit struggling homeowners, but is widely understood to be part of an effective strategy to aid financial markets through stabilized payment streams. Reshaping the mortgage landscape by creating an institution modeled on the New Deal’s Home Owners’ Loan Corporation, permitting modification of primary mortgages in bankruptcy, and a moratorium on foreclosures are all desirable steps. While last-minute additions to the bailout package—energy efficiency initiatives, protection of the middle class from the AMT, and a mental health parity bill—are positive for the middle class and should become law, they are not relevant to this bill and should be enacted separately this bill and should be enacted separately
Drum Major Institute 2008 Senate Scorecard position Nay +
Drum Major Institute 2008 Senate Scorecard source Http://www.drummajorinstitute.org/library/report.php?ID=87 +
Information Technology Industry Council 2007-2008 House Scorecard description Legislation to provide authority for the F Legislation to provide authority for the Federal Government to purchase and insure certain types of troubled assets to help provide stability in the economy and financial system; and to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation; to extend certain expiring provisions; and to provide individual income tax relief. d to provide individual income tax relief. , Legislation to provide authority for the F Legislation to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes income tax relief, and for other purposes
Information Technology Industry Council 2007-2008 House Scorecard position Aye +
Information Technology Industry Council 2007-2008 House Scorecard source Http://www.itic.org/clientuploads/scorecards/13307 ITI VoteGuide FINAL.pdf +
Modification date
National Journal 2008 House Scorecard description "Assure parity for mental health benefits under private health insurance plans. March 5. (268-148)
National Journal 2008 House Scorecard position Aye +
National Journal 2008 House Scorecard source Http://www.nationaljournal.com/njmagazine/cs 20090228 4813.php +
Roll call number 101 + , 213 + , 681 +
Scorecard vote National Journal 2008 House Scorecard + , Drum Major Institute 2008 Senate Scorecard + , Information Technology Industry Council 2007-2008 House Scorecard + , Drum Major Institute 2008 House Scorecard +
Session number 2 +
Categories Economic Policy (U.S.)  + , U.S. legislation  + , Record votes  + , Congresspedia  +
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Emergency Economic Stabilization Act of 2008 + , U.S. House of Representatives record vote 101, 110th Congress, Session 2 + , U.S. House of Representatives record vote 681, 110th Congress, Session 2 + , U.S. Senate record vote 213, 110th Congress, Session 2 + Bill of vote
 

 

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