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October 16, 2008
HP-1217
Treasury Hires Legal Adviser Under the Emergency Economic Stabilization Act
Washington- The U.S. Treasury Department this week announced that Simpson, Thacher and Bartlett will serve as a legal adviser for the implementation of the Emergency Economic Stabilization Act. Treasury hired the New York City-based firm Sunday and work began immediately to help the Department with its equity program structuring.
Treasury contracted with Simpson, Thacher and Bartlett using a procurement contract under the Federal Acquisition Regulation. Treasury competitively solicited offers from six firms under compelling urgency to quickly establish the Troubled Asset Relief Program. Two firms made offers.
The contract will last for six months. More information on this contract will be posted at www.fedbizopps.gov (Federal Business Opportunities website) and at https://www.fpds.gov (Federal Procurement Data System).
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REPORTS