EESA
Government & Politics abbreviation · US Law
| Stands for | Emergency Economic Stabilization Act of 2008 |
|---|---|
| Categories | Government & Politics |
EESA stands for Emergency Economic Stabilization Act of 2008, a US law abbreviation.
Financial-crisis law that created the Troubled Asset Relief Program (TARP), authorizing up to $700 billion to stabilize banks and other firms, and temporarily raised deposit insurance coverage to $250,000.
Example: EESA passed on the second attempt after the House initially rejected the bailout.
Usage notes
The House's 228-205 rejection of the first version on September 29, 2008 triggered one of the largest one-day point drops in the Dow up to that time; a revised bill became law on October 3. The Dodd-Frank Act later reduced TARP's authority to $475 billion, and most of the money was eventually repaid.
Related abbreviations
More US law abbreviations
- DMCA – Digital Millennium Copyright Act
- DOMA – Defense of Marriage Act
- DREAM Act – Development, Relief, and Education for Alien Minors Act
- DSHEA – Dietary Supplement Health and Education Act
- ECOA – Equal Credit Opportunity Act
- ECPA – Electronic Communications Privacy Act
- EMTALA – Emergency Medical Treatment and Active Labor Act
- EPA – Equal Pay Act of 1963
- ERISA – Employee Retirement Income Security Act
- ESA – Endangered Species Act
- ESEA – Elementary and Secondary Education Act
- ESSA – Every Student Succeeds Act