The United States is in the midst of a serious financial crisis. A plan to address the crisis was proposed through the Emergency Economic Stabilization Act of 2008 (EESA). The Act was signed into law on October 3, 2008. Within the Act, the U.S. Department of the Treasury was granted authority/oversight of the Troubled Asset Relief Program (TARP) to resolve the financial crisis. The Treasury created the Office of Financial Stability to oversee the program and appointed an interim assistant secretary. You may wish to view the Treasury's EESA Initiative web page, which has statements and press releases from officials on the financial crisis, as well as information and reports on the status of the EESA Initiative as parts of it are put into place. You can find links to various resources that can help you keep your home, find a job and protect your savings by visiting EconomicRecovery.gov. The House Committee on Oversight and Government Reform held hearings on the causes and impacts of the financial crisis. You may wish to follow the latest news on the committee's work. The House Financial Services Committee published information on stabilization of the automobile industry. They have also held hearings on the financial crisis and the automobile industry. You may wish to follow the latest news on the committee's work. The Senate Committee on Banking, Housing and Urban Affairs held hearings on the U.S. credit markets, oversight of the EESA, and the automobile industry. You may wish to follow the latest news on the committee's work. For additional background information or resources, you may wish to view the following: To express your opinion or concerns, please contact the U.S. Representative or Senator from your state. Additional Resources: |
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