Emergency Economic Stabilization Act
From the first day Treasury proposed its plan for easing credit markets by ridding financial institutions of troubled assets, ABA sought to make sure the plan would be made available to all size, including Subchapter S and mutual institutions. ABA continued its advocacy on behalf of all banks as regulators issued new credit stimulation and economic stabilization programs, including those listed below.
Treasury Department
- Capital Purchase Program
- Treasury's Systemically Significant Failing Institution Program
Federal Reserve
- Term Asset-Backed Securities Loan Facility (TALF)
- Money Market Investor Funding Facility (MMIFF)
- Commercial Paper Funding Facility (CPFF)
- Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)
- Program to Purchase Fannie, Freddie, Ginnie Mae Obligations
- Fed to Alter Formulas for Paying Interest on Reserve Balances
- Dec. 16, 2008 Press Release
OCC
ABA Letters & Resources
- FAQs about the Term Asset-Backed Securities Loan Facility (TALF)
(5/6/09)
- ABA NewsBytes Special Edition:
Treasury Releases New Executive Compensation Guidelines; Exempts CPP Participants – 02/04/09
- ABA Summary of Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF) – 11/25/08
- ABA NewsBytes Special Edition:
Treasury Clarifies that Ordinary Loss Treatment Also Applies to ARPS, Subsidiaries –10/31/08
- ABA Outlines Factors to Consider When Deciding on Capital Purchase Program Participation –10/30/08
- Executive Compensation Restriction Q&A –10/27/08
- ABA NewsBytes Special Edition:
Treasury Clarifies that Ordinary Loss Treatment Also Applies to ARPS, Subsidiaries –10/29/08 - ABA NewsBytes Special Edition:
Programs Announced to Bolster FDIC Insurance, Infuse Capital –10/14/08
- Emergency Economic Stabilization Bill: Provisions for Community Banks – 10/07/08
EESA Legislative History
- Votes on Final Passage of The Emergency Economic Stabilization Act – 10/03/08
- Executive Summary of Key Provisions of Economic Rescue Package – 10/03/08
- ABA NewsBytes Special Edition:
House Passage of Economic Stabilization Bill – 10/03/08
- Summary of the Provisions of the Economic Rescue Bill – 10/02/08
- ABA NewsBytes Special Edition:
Senate Passes Economic Stabilization Package;
Temporarily Increases Deposit Insurance – 10/01/08
- Letter to U.S. Senate/House of Representatives Regarding Economic Stabilization Act of 2008 – 10/01/08
- ABA NewsBytes Special Edition:
Deposit Insurance Coverage Increases Being Actively Considered – 9/30/08
- ABA NewsBytes Special Edition:
Paulson Calls ABA on Need for Stabilization Bill – 9/30/08
- Rescue Package Talking Points:
Support the Emergency Economic Stabilization Act of 2008 – 9/29/08 - Memo Sent Supporting Economic Stabilization Act – 9/29/08
- ABA NewsBytes Special Edition:
Tentative Agreement Reached on Stabilization Package – 9/28/08
- Letter Sent Supporting Congressional Action on Financial Issues – 9/26/08
- ABA Urges Congress to Change Tax Treatment of Fannie/Freddie Preferred Stock – 9/23/08
- ABA Trade Groups Urge Congress Not to Include Cram-Down Provisions in Economic Stabilization Bill – 9/23/08
- ABA Letter to State Execs Regarding Tax Treatment of Fannie Mae/Freddie Mac Preferred Stock – 9/23/08
- ABA letter to Congress on Economic Stabilization Plan Legislation – 9/22/08
- Related Consumer Backgrounders:
Additional Communications Resources
- ABA Consumer Resources
- ABA Press Room: Economic Stabilization and TARP
- Media Backgrounder on Capital Purchase Program – 12/29/08
- Message Points Explaining Decision to Opt In or Out of FDIC's Debt Guarantee Program – 12/08/08
- Message Points Explaining Decision to Opt In or Out of FDIC's Transaction Account Guarantee Program
- Rescue Package Talking Points: Support the Emergency Economic Stabilization Act of 2008 – 9/29/08
- Executive Summary of Key Provisions of Economic Rescue Package – 10/03/08
- Credit Markets Backgrounder: Why Main Street Should Care – 9/25/08
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Questions? Please contact Charlotte Birch.

